Brookdale Senior Living (BKD) Given a $9.00 Price Target at Jefferies Group

Jefferies Group set a $9.00 price target on Brookdale Senior Living (NYSE:BKD) in a research note released on Friday. The firm currently has a buy rating on the stock. Jefferies Group also issued estimates for Brookdale Senior Living’s FY2019 earnings at ($0.74) EPS.

Several other research firms have also issued reports on BKD. Zacks Investment Research lowered Brookdale Senior Living from a hold rating to a sell rating in a research note on Tuesday, February 13th. Royal Bank of Canada dropped their price objective on Brookdale Senior Living from $16.00 to $13.00 and set an outperform rating for the company in a research note on Wednesday, November 8th. Stifel Nicolaus lowered Brookdale Senior Living from a buy rating to a hold rating and dropped their price objective for the company from $14.00 to $9.00 in a research note on Thursday. Finally, Stephens set a $16.00 price objective on Brookdale Senior Living and gave the company a buy rating in a research note on Monday, November 20th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $12.60.

Brookdale Senior Living (NYSE BKD) traded down $0.36 during trading hours on Friday, reaching $6.82. The company had a trading volume of 10,711,210 shares, compared to its average volume of 3,645,331. The company has a market capitalization of $1,339.59, a price-to-earnings ratio of -2.22 and a beta of 1.64. Brookdale Senior Living has a 12 month low of $6.70 and a 12 month high of $15.66. 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 (NYSE:BKD) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Brookdale Senior Living had a negative net margin of 12.04% and a negative return on equity of 8.10%. Brookdale Senior Living’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted ($1.45) EPS. equities analysts predict that Brookdale Senior Living will post -0.87 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of BKD. Long Pond Capital LP bought a new stake in Brookdale Senior Living during the fourth quarter worth about $23,075,000. Dimensional Fund Advisors LP lifted its stake in Brookdale Senior Living by 21.0% during the third quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock worth $126,862,000 after purchasing an additional 2,080,341 shares during the last quarter. Land & Buildings Investment Management LLC lifted its stake in Brookdale Senior Living by 36.3% during the fourth quarter. Land & Buildings Investment Management LLC now owns 6,816,974 shares of the company’s stock worth $66,125,000 after purchasing an additional 1,816,200 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Brookdale Senior Living by 37.0% during the fourth quarter. Macquarie Group Ltd. now owns 6,239,637 shares of the company’s stock worth $60,525,000 after purchasing an additional 1,684,547 shares during the last quarter. Finally, Cortina Asset Management LLC bought a new stake in Brookdale Senior Living during the third quarter worth about $14,365,000. 95.65% of the stock is owned by hedge funds and other 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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