Brookdale Senior Living (NYSE:BKD) Price Target Raised to $7.50

Brookdale Senior Living (NYSE:BKD) had its price target raised by Barclays from $7.00 to $7.50 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on BKD. Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Thursday, April 10th. Macquarie reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two investment 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $6.24 on Wednesday. Brookdale Senior Living has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The company has a market cap of $1.25 billion, a PE ratio of -7.01 and a beta of 0.87. The firm has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.56. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. Analysts expect that Brookdale Senior Living will post -0.56 EPS for the current year.

Institutional Trading of Brookdale Senior Living

Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC raised its holdings in shares of Brookdale Senior Living by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock worth $568,000 after buying an additional 1,953 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Brookdale Senior Living by 2.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,060 shares of the company’s stock worth $674,000 after buying an additional 2,821 shares during the period. Rhumbline Advisers grew its holdings in shares of Brookdale Senior Living by 2.2% during the first quarter. Rhumbline Advisers now owns 280,596 shares of the company’s stock valued at $1,757,000 after buying an additional 5,949 shares during the last quarter. R Squared Ltd purchased a new stake in Brookdale Senior Living in the 4th quarter valued at $33,000. Finally, GAMMA Investing LLC boosted its stake in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock worth $45,000 after buying an additional 6,838 shares during 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.