Brokerages Set Brookdale Senior Living Inc. (NYSE:BKD) PT at $7.75

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) have received an average rating of "Moderate Buy" from the four research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.75.

A number of brokerages have issued reports on BKD. Bank of America downgraded Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Macquarie reissued an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 target price for the company.

Brookdale Senior Living Stock Down 1.4 %

NYSE BKD traded down $0.08 during trading on Thursday, reaching $5.60. 3,864,961 shares of the company's stock were exchanged, compared to its average volume of 2,031,078. The stock has a market cap of $1.12 billion, a P/E ratio of -6.09 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average price of $5.93 and a two-hundred day moving average price of $6.63. Brookdale Senior Living has a 1 year low of $5.08 and a 1 year high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The business had revenue of $784.17 million for the quarter, compared to analysts' expectations of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period last year, the firm earned ($0.22) earnings per share. On average, equities research analysts anticipate that Brookdale Senior Living will post -0.7 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in Brookdale Senior Living by 449.5% during the 3rd quarter. Principal Financial Group Inc. now owns 136,531 shares of the company's stock valued at $927,000 after acquiring an additional 111,686 shares during the last quarter. Vision Capital Corp raised its stake in Brookdale Senior Living by 27.8% during the 3rd quarter. Vision Capital Corp now owns 1,838,440 shares of the company's stock valued at $12,483,000 after acquiring an additional 400,000 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Brookdale Senior Living during the 2nd quarter valued at approximately $9,603,000. Victory Capital Management Inc. raised its stake in Brookdale Senior Living by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company's stock valued at $18,778,000 after acquiring an additional 145,283 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Brookdale Senior Living during the 2nd quarter valued at approximately $3,265,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.