Zacks Investment Research upgraded shares of Brookdale Senior Living (NYSE:BKD) from a strong sell rating to a hold rating in a research report sent to investors on Monday, December 18th.
According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “
BKD has been the topic of a number of other research reports. ValuEngine downgraded shares of Brookdale Senior Living from a buy rating to a hold rating in a report on Monday, August 28th. Stephens set a $16.00 price target on shares of Brookdale Senior Living and gave the company a buy rating in a report on Monday, November 20th. Royal Bank of Canada reaffirmed a buy rating and set a $19.00 price target on shares of Brookdale Senior Living in a report on Friday, October 13th. Stifel Nicolaus dropped their price target on shares of Brookdale Senior Living from $16.00 to $14.00 and set a buy rating on the stock in a report on Tuesday, November 7th. Finally, Jefferies Group set a $14.00 price objective on shares of Brookdale Senior Living and gave the stock a buy rating in a research note on Friday, October 20th. Three investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $14.60.
Brookdale Senior Living (NYSE BKD) traded up $0.08 during trading hours on Monday, hitting $9.46. 1,553,076 shares of the stock were exchanged, compared to its average volume of 2,170,000. The stock has a market cap of $1,760.00, a P/E ratio of -2.06 and a beta of 1.73. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.23. Brookdale Senior Living has a 12-month low of $8.78 and a 12-month high of $16.31.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($1.97). Brookdale Senior Living had a negative net margin of 17.85% and a negative return on equity of 0.79%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company posted ($0.28) earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. analysts expect that Brookdale Senior Living will post -3.43 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glenview Capital Management LLC raised its stake in Brookdale Senior Living by 3.5% during the 2nd quarter. Glenview Capital Management LLC now owns 15,250,718 shares of the company’s stock worth $224,338,000 after acquiring an additional 520,000 shares during the period. Dimensional Fund Advisors LP grew its holdings in Brookdale Senior Living by 21.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock valued at $126,862,000 after buying an additional 2,080,341 shares in the last quarter. Land & Buildings Investment Management LLC grew its holdings in Brookdale Senior Living by 55.6% during the 3rd quarter. Land & Buildings Investment Management LLC now owns 5,000,774 shares of the company’s stock valued at $53,008,000 after buying an additional 1,787,856 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Brookdale Senior Living by 18.8% during the 3rd quarter. Macquarie Group Ltd. now owns 4,555,090 shares of the company’s stock valued at $48,284,000 after buying an additional 719,740 shares in the last quarter. Finally, State Street Corp grew its holdings in Brookdale Senior Living by 1.2% during the 2nd quarter. State Street Corp now owns 2,599,350 shares of the company’s stock valued at $38,236,000 after buying an additional 29,911 shares in the last quarter. Institutional investors own 99.60% of the company’s stock.
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About Brookdale Senior Living
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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