Brookdale Senior Living's (BKD) "Outperform" Rating Reaffirmed at Macquarie

Brookdale Senior Living (NYSE:BKD - Get Free Report)'s stock had its "outperform" rating restated by analysts at Macquarie in a report issued on Friday,Benzinga reports. They presently have a $8.00 price target on the stock. Macquarie's price objective points to a potential upside of 55.95% from the company's previous close.

BKD has been the subject of a number of other research reports. Jefferies Financial Group started coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 price target for the company. Bank of America lowered Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.50.

Brookdale Senior Living Trading Up 2.6 %

Shares of NYSE:BKD traded up $0.13 during trading on Friday, hitting $5.13. The company had a trading volume of 3,336,612 shares, compared to its average volume of 2,022,626. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -5.58 and a beta of 1.29. 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 fifty day simple moving average of $5.73 and a two-hundred day simple moving average of $6.52. Brookdale Senior Living has a one year low of $4.89 and a one year high of $8.12.

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 (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $784.17 million during the quarter, compared to the consensus estimate 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 quarter last year, the business posted ($0.22) EPS. As a group, equities analysts forecast that Brookdale Senior Living will post -0.7 earnings per share for the current year.

Insider Activity

In related news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the sale, the director now directly owns 211,382 shares of the company's stock, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in Brookdale Senior Living during the second quarter valued at $25,000. Headlands Technologies LLC purchased a new position in Brookdale Senior Living in the 2nd quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in Brookdale Senior Living in the 2nd quarter worth about $52,000. Sei Investments Co. purchased a new stake in Brookdale Senior Living during the 2nd quarter worth approximately $81,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of Brookdale Senior Living during the second quarter valued at approximately $100,000.

About Brookdale Senior Living

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.