Analysts Set Brookdale Senior Living Inc. (NYSE:BKD) Target Price at $7.50

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have received an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $7.50.

BKD has been the topic of a number of research reports. Barclays increased their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a research note on Wednesday, April 16th. Macquarie reissued an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Thursday, April 10th.

Institutional Investors Weigh In On Brookdale Senior Living

A number of large investors have recently made changes to their positions in the company. MetLife Investment Management LLC boosted its position in Brookdale Senior Living by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock worth $568,000 after purchasing an additional 1,953 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 stake in Brookdale Senior Living by 2.2% in the 1st 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 bought a new position in Brookdale Senior Living in the 4th quarter worth $33,000. Finally, GAMMA Investing LLC lifted its position in Brookdale Senior Living by 1,999.4% during the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock worth $45,000 after acquiring an additional 6,838 shares during the last quarter.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $6.57 on Friday. Brookdale Senior Living has a one year low of $4.45 and a one year high of $8.12. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -7.38 and a beta of 0.87. The company has a 50-day simple moving average of $5.96 and a 200-day simple moving average of $5.57. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88.

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 for the quarter, compared to analysts’ expectations of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, analysts predict that Brookdale Senior Living will post -0.56 EPS for the current year.

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.