Brookdale Senior Living Inc. (NYSE:BKD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Brookdale Senior Living Inc. (NYSE:BKD) has earned a consensus rating of “Moderate Buy” from the four research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $7.75.

Several analysts have commented on the stock. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th.

Insider Buying and Selling at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the transaction, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky bought a new position in Brookdale Senior Living in the third quarter worth $1,775,000. Geode Capital Management LLC grew its stake in shares of Brookdale Senior Living by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock valued at $29,648,000 after purchasing an additional 89,344 shares during the period. Barclays PLC boosted its stake in Brookdale Senior Living by 339.9% in the 3rd quarter. Barclays PLC now owns 322,667 shares of the company’s stock valued at $2,192,000 after buying an additional 249,318 shares in the last quarter. Anson Funds Management LP raised its stake in Brookdale Senior Living by 261.6% during the third quarter. Anson Funds Management LP now owns 452,000 shares of the company’s stock worth $3,069,000 after acquiring an additional 327,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Brookdale Senior Living during the third quarter valued at $511,000.

Brookdale Senior Living Trading Down 1.4 %

NYSE BKD opened at $5.48 on Thursday. The company has a market capitalization of $1.09 billion, a PE ratio of -5.95 and a beta of 1.29. Brookdale Senior Living has a 1-year low of $5.08 and a 1-year high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. The firm’s fifty day simple moving average is $5.89 and its 200-day simple moving average is $6.61.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period last year, the business earned ($0.22) earnings per share. As a group, sell-side analysts anticipate that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

Brookdale Senior Living Company Profile

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.