Brookdale Senior Living (NYSE:BKD) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Brookdale Senior Living (NYSE:BKD) in a research report released on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $8.00 target price on the stock.

A number of other brokerages have also recently commented on BKD. 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. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Macquarie reaffirmed an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.75.

Brookdale Senior Living Price Performance

Shares of BKD opened at $6.58 on Wednesday. The firm has a 50-day simple moving average of $6.68 and a two-hundred day simple moving average of $6.88. The stock has a market cap of $1.27 billion, a PE ratio of -8.55 and a beta of 1.31. Brookdale Senior Living has a 1-year low of $3.66 and a 1-year high of $8.12. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. The firm had revenue of $777.54 million during the quarter. During the same quarter last year, the firm posted ($0.15) earnings per share. As a group, analysts forecast that Brookdale Senior Living will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co lifted its position in shares of Brookdale Senior Living by 4.8% during the 1st quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock worth $261,000 after purchasing an additional 1,811 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Brookdale Senior Living by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock valued at $221,000 after acquiring an additional 2,637 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Brookdale Senior Living by 9.2% in the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after acquiring an additional 2,697 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after acquiring an additional 2,790 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Brookdale Senior Living by 15.8% during the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after purchasing an additional 3,390 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.