Zacks Investment Research downgraded shares of Brookdale Senior Living (NYSE:BKD) from a hold rating to a sell rating in a research report report published on Wednesday, January 10th.
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. “
Several other brokerages also recently commented on BKD. Royal Bank of Canada cut their target price on Brookdale Senior Living from $16.00 to $13.00 and set an outperform rating on the stock in a research note on Wednesday, November 8th. Jefferies Group set a $14.00 price target on Brookdale Senior Living and gave the company a buy rating in a report on Friday, October 20th. Stifel Nicolaus lowered their price target on 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, Stephens set a $16.00 price target on Brookdale Senior Living and gave the company a buy rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $14.60.
Brookdale Senior Living (NYSE BKD) traded down $0.10 during trading on Wednesday, hitting $8.99. The company had a trading volume of 2,196,998 shares, compared to its average volume of 2,062,216. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $1,675.66, a P/E ratio of -1.95 and a beta of 1.73. Brookdale Senior Living has a 52 week low of $8.78 and a 52 week high of $16.28.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing the 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business posted ($0.28) earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. research analysts predict that Brookdale Senior Living will post -3.43 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Utah Retirement Systems raised its holdings in Brookdale Senior Living by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 33,642 shares of the company’s stock worth $494,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brookdale Senior Living by 12.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock worth $102,000 after purchasing an additional 761 shares during the period. Princeton Portfolio Strategies Group LLC raised its holdings in Brookdale Senior Living by 3.7% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 81,030 shares of the company’s stock worth $1,192,000 after purchasing an additional 2,894 shares during the period. Principal Financial Group Inc. raised its holdings in Brookdale Senior Living by 13.7% in the 2nd quarter. Principal Financial Group Inc. now owns 27,284 shares of the company’s stock worth $401,000 after purchasing an additional 3,294 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Brookdale Senior Living by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 568,461 shares of the company’s stock valued at $8,362,000 after acquiring an additional 3,662 shares during the period. 99.60% of the stock is currently owned by institutional investors.
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Brookdale Senior Living Company Profile
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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