Brookdale Senior Living (NYSE:BKD) Earns “Outperform” Rating from Macquarie

Macquarie restated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a $8.00 price objective on the stock.

BKD has been the topic of a number of other reports. Bank of America lowered shares of Brookdale Senior Living from a neutral rating to an underperform rating and dropped their price objective for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Royal Bank of Canada reissued an outperform rating and set a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $7.67.

Brookdale Senior Living Trading Up 1.7 %

NYSE:BKD opened at $5.91 on Wednesday. The company has a market capitalization of $1.14 billion, a PE ratio of -7.68 and a beta of 1.31. Brookdale Senior Living has a 52-week low of $3.66 and a 52-week high of $8.12. The stock’s 50 day moving average price is $6.75 and its 200 day moving average price is $6.89. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. During the same quarter in the previous year, the business posted ($0.15) EPS. On average, research analysts anticipate that Brookdale Senior Living will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in Brookdale Senior Living by 13.8% in the third quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock valued at $292,000 after purchasing an additional 5,208 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $3,998,000. Algert Global LLC purchased a new stake in shares of Brookdale Senior Living in the second quarter valued at approximately $124,000. Mackenzie Financial Corp grew its holdings in Brookdale Senior Living by 9.2% during the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after acquiring an additional 2,697 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Brookdale Senior Living by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 101,442 shares of the company’s stock worth $693,000 after acquiring an additional 6,508 shares in the last quarter.

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.