Royal Bank of Canada Reiterates "Outperform" Rating for Brookdale Senior Living (NYSE:BKD)

Royal Bank of Canada reissued their outperform rating on shares of Brookdale Senior Living (NYSE:BKD - Free Report) in a research note published on Thursday morning,Benzinga reports. They currently have a $8.00 price objective on the stock.

Separately, Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.50.

Brookdale Senior Living Stock Performance

BKD stock traded down $0.06 during mid-day trading on Thursday, reaching $5.40. The company had a trading volume of 3,633,812 shares, compared to its average volume of 2,354,839. Brookdale Senior Living has a one year low of $4.45 and a one year high of $8.12. The stock has a market capitalization of $1.07 billion, a P/E ratio of -6.06 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock's 50-day simple moving average is $4.98 and its two-hundred day simple moving average is $5.84.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. Brookdale Senior Living had a negative return on equity of 59.90% and a negative net margin of 6.46%. Research analysts anticipate that Brookdale Senior Living will post -0.61 EPS for the current year.

Insider Activity at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Brookdale Senior Living

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Flat Footed LLC grew its holdings in Brookdale Senior Living by 84.9% during the fourth quarter. Flat Footed LLC now owns 11,401,757 shares of the company's stock worth $57,351,000 after acquiring an additional 5,235,078 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in shares of Brookdale Senior Living by 86.5% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company's stock valued at $38,031,000 after purchasing an additional 3,507,044 shares in the last quarter. Rush Island Management LP grew its stake in shares of Brookdale Senior Living by 62.3% in the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company's stock worth $41,769,000 after purchasing an additional 3,187,294 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Brookdale Senior Living by 26.7% in the 4th quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock worth $49,878,000 after purchasing an additional 2,089,242 shares in the last quarter. Finally, Adelante Capital Management LLC acquired a new stake in Brookdale Senior Living during the third quarter valued at approximately $12,076,000.

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.