Brookdale Senior Living (NYSE:BKD) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Brookdale Senior Living (NYSE:BKD - Free Report) in a research report report published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $8.00 target price on the stock.

A number of other brokerages have also weighed in on BKD. Macquarie reissued an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America downgraded Brookdale Senior Living from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.75.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD traded up $0.60 on Wednesday, hitting $6.68. The company had a trading volume of 6,454,398 shares, compared to its average volume of 2,066,762. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. The company has a market cap of $1.29 billion, a PE ratio of -8.67 and a beta of 1.31. Brookdale Senior Living has a 52-week low of $3.66 and a 52-week high of $8.12. The business has a 50 day moving average of $6.71 and a 200 day moving average of $6.89.

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

Hedge Funds Weigh In On Brookdale Senior Living

Several hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Brookdale Senior Living during the second quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $26,000. Innealta Capital LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter worth $52,000. Sei Investments Co. purchased a new stake in Brookdale Senior Living during the 2nd quarter worth $81,000. Finally, Lazard Asset Management LLC increased its holdings in Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after purchasing an additional 2,790 shares in the last quarter.

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.