Brookdale Senior Living’s (BKD) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a report published on Thursday morning,Benzinga reports. They currently have a $8.00 price objective on the stock.

Separately, Macquarie reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Stock Down 1.0 %

Shares of BKD opened at $5.40 on Thursday. Brookdale Senior Living has a 52 week low of $4.45 and a 52 week high of $8.12. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -6.06 and a beta of 1.29. The stock’s 50-day moving average price is $4.98 and its 200-day moving average price is $5.83.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The company had revenue of $780.95 million during the quarter, compared to analysts’ expectations of $781.78 million. On average, sell-side analysts predict that Brookdale Senior Living will post -0.56 EPS for the current year.

Insider Buying and Selling at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was 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 owns 211,382 shares of the company’s stock, valued at $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds have recently made changes to their positions in the company. Flat Footed LLC grew its position in shares of Brookdale Senior Living by 84.9% in the fourth quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock valued at $57,351,000 after purchasing an additional 5,235,078 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Brookdale Senior Living by 26.7% in the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock valued at $49,878,000 after purchasing an additional 2,089,242 shares in the last quarter. Rush Island Management LP grew its position in shares of Brookdale Senior Living by 62.3% in the fourth quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock valued at $41,769,000 after purchasing an additional 3,187,294 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its position in shares of Brookdale Senior Living by 86.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock valued at $38,031,000 after purchasing an additional 3,507,044 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Brookdale Senior Living by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company’s stock valued at $35,916,000 after purchasing an additional 164,239 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.