Brookdale Senior Living Inc. (NYSE:BKD) Receives $7.40 Average Price Target from Analysts

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been given an average rating of “Hold” by the five ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $7.40.

BKD has been the subject of a number of research reports. Barclays began coverage on Brookdale Senior Living in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $7.00 price objective for the company. Macquarie reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday, February 20th.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Brookdale Senior Living in the 4th quarter valued at $33,000. Lazard Asset Management LLC increased its holdings in shares of Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock worth $49,000 after acquiring an additional 9,707 shares in the last quarter. Crestline Management LP acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth about $64,000. Freestone Grove Partners LP bought a new stake in Brookdale Senior Living during the 4th quarter worth approximately $65,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Brookdale Senior Living during the 4th quarter worth approximately $80,000.

Brookdale Senior Living Price Performance

BKD opened at $5.81 on Tuesday. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $1.16 billion, a P/E ratio of -6.53 and a beta of 0.87. The company’s 50 day simple moving average is $5.53 and its 200-day simple moving average is $5.62. Brookdale Senior Living has a one year low of $4.45 and a one year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The firm had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. Sell-side analysts anticipate that Brookdale Senior Living will post -0.56 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.