Brookdale Senior Living’s (BKD) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research note released on Friday,Benzinga reports. Royal Bank of Canada currently has a $8.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $7.75 to $6.00 in a report on Monday, October 7th. Macquarie reaffirmed an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target for the company. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Price Performance

NYSE BKD opened at $5.13 on Friday. Brookdale Senior Living has a 1 year low of $4.89 and a 1 year high of $8.12. The stock’s 50-day moving average price is $5.73 and its two-hundred day moving average price is $6.52. The company has a market cap of $1.02 billion, a PE ratio of -5.58 and a beta of 1.29. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The firm had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. During the same quarter last year, the company posted ($0.22) EPS. On average, analysts predict that Brookdale Senior Living will post -0.7 EPS for the current year.

Insider Activity at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Brookdale Senior Living

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