Brokerages Set Brookdale Senior Living Inc. (NYSE:BKD) Target Price at $7.67

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) have been given an average rating of "Moderate Buy" by the four brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.75.

A number of research firms recently issued reports on BKD. 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 began coverage on shares of Brookdale Senior Living in a research note on Wednesday. They issued a "buy" rating and a $8.00 price objective on the stock. Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and cut their target price for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock traded up $0.60 on Wednesday, reaching $6.68. 6,454,398 shares of the company were exchanged, compared to its average volume of 2,066,762. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -8.74 and a beta of 1.31. Brookdale Senior Living has a 1-year low of $3.66 and a 1-year high of $8.12. The company has a debt-to-equity ratio of 11.21, a quick ratio of 0.79 and a current ratio of 0.79. The company's 50-day moving average is $6.71 and its two-hundred day moving average is $6.89.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The firm had revenue of $777.54 million during the quarter. During the same period last year, the business posted ($0.15) EPS. As a group, research analysts expect that Brookdale Senior Living will post -0.57 earnings per share for the current fiscal year.

Institutional Trading of Brookdale Senior Living

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Brookdale Senior Living by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company's stock valued at $120,774,000 after buying an additional 220,199 shares during the last quarter. Iron Triangle Partners LP grew its stake in shares of Brookdale Senior Living by 21.4% in the first quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company's stock worth $38,986,000 after acquiring an additional 1,038,353 shares during the last quarter. Wellington Management Group LLP bought a new position in Brookdale Senior Living during the fourth quarter worth $28,961,000. American Century Companies Inc. raised its stake in 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 purchasing an additional 1,228,473 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Brookdale Senior Living by 70.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company's stock valued at $14,504,000 after purchasing an additional 907,157 shares during the period.

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.