Brookdale Senior Living (NYSE:BKD - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Royal Bank of Canada in a research note issued on Friday,Benzinga reports. They presently have a $8.00 price objective on the stock. Royal Bank of Canada's price target would indicate a potential upside of 55.95% from the stock's previous close.
Several other equities analysts have also commented on the stock. Macquarie reaffirmed an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They set a "buy" rating and a $8.00 price objective on the stock. Finally, Bank of America downgraded Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living has an average rating of "Hold" and an average target price of $7.50.
View Our Latest Stock Report on Brookdale Senior Living
Brookdale Senior Living Price Performance
NYSE BKD traded up $0.13 during trading hours on Friday, reaching $5.13. 3,336,612 shares of the stock traded hands, compared to its average volume of 2,022,626. The stock has a 50 day simple moving average of $5.75 and a two-hundred day simple moving average of $6.53. Brookdale Senior Living has a 1 year low of $4.89 and a 1 year high of $8.12. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -5.58 and a beta of 1.29.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The firm had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. During the same quarter in the previous year, the firm earned ($0.22) EPS. On average, analysts predict that Brookdale Senior Living will post -0.7 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Lee S. Wielansky sold 10,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the transaction, the director now owns 211,382 shares in the company, valued at $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in shares of Brookdale Senior Living by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company's stock worth $53,144,000 after acquiring an additional 799,744 shares in the last quarter. Rush Island Management LP raised its holdings in Brookdale Senior Living by 31.9% in the third quarter. Rush Island Management LP now owns 5,116,632 shares of the company's stock worth $34,742,000 after purchasing an additional 1,237,727 shares in the last quarter. Geode Capital Management LLC lifted its position in Brookdale Senior Living by 2.1% during the third quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company's stock valued at $29,648,000 after buying an additional 89,344 shares during the period. American Century Companies Inc. boosted its holdings in shares of Brookdale Senior Living by 63.6% during the 2nd quarter. American Century Companies Inc. now owns 3,159,898 shares of the company's stock valued at $21,582,000 after buying an additional 1,228,473 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Brookdale Senior Living by 5.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company's stock worth $18,778,000 after buying an additional 145,283 shares during the period.
About Brookdale Senior Living
(
Get Free Report)
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.
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