Brookdale Senior Living’s (BKD) Outperform Rating Reiterated at Royal Bank of Canada

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

Other equities analysts have also issued reports about the company. Macquarie restated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Barclays initiated coverage on shares of Brookdale Senior Living in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $7.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.40.

Brookdale Senior Living Trading Down 1.8 %

Shares of BKD opened at $5.73 on Thursday. The business’s 50-day moving average price is $5.64 and its 200-day moving average price is $5.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. Brookdale Senior Living has a twelve month low of $4.45 and a twelve month high of $8.12. The stock has a market cap of $1.15 billion, a PE ratio of -6.43 and a beta of 0.87.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $780.95 million during the quarter, compared to analysts’ expectations of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, equities analysts forecast that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of large investors have recently modified their holdings of the company. Flat Footed LLC grew its position 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 valued at $57,351,000 after acquiring an additional 5,235,078 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Brookdale Senior Living by 26.7% during the 4th quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock valued at $49,878,000 after purchasing an additional 2,089,242 shares during the last quarter. Rush Island Management LP raised its position in 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 period. ANTIPODES PARTNERS Ltd boosted its position in Brookdale Senior Living by 86.5% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock valued at $38,031,000 after buying an additional 3,507,044 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Brookdale Senior Living by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company’s stock valued at $35,916,000 after buying an additional 164,239 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.