Barclays Begins Coverage on Brookdale Senior Living (NYSE:BKD)

Barclays initiated coverage on shares of Brookdale Senior Living (NYSE:BKD - Free Report) in a report released on Tuesday morning, Marketbeat reports. The brokerage issued an equal weight rating and a $7.00 price objective on the stock.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Thursday, February 20th. Macquarie restated an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.40.

Brookdale Senior Living Stock Performance

BKD stock traded down $0.45 during midday trading on Tuesday, reaching $5.81. 5,781,973 shares of the company's stock traded hands, compared to its average volume of 2,250,618. The firm has a market capitalization of $1.16 billion, a PE ratio of -6.53 and a beta of 1.31. The company has a 50-day moving average price of $5.53 and a two-hundred day moving average price of $5.62. Brookdale Senior Living has a 52 week low of $4.45 and a 52 week high of $8.12. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88.

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Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The business had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. As a group, equities analysts anticipate that Brookdale Senior Living will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of BKD. R Squared Ltd bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $33,000. Lazard Asset Management LLC increased its holdings in shares of Brookdale Senior Living by 6,029.2% during the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after acquiring an additional 9,707 shares in the last quarter. Crestline Management LP purchased a new position in shares of Brookdale Senior Living in the 4th quarter worth about $64,000. Freestone Grove Partners LP bought a new position in Brookdale Senior Living in the 4th quarter worth about $65,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Brookdale Senior Living during the 4th quarter valued at about $80,000.

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.