Brookdale Senior Living (NYSE:BKD) Given “Outperform” Rating at Macquarie

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating restated by stock analysts at Macquarie in a research note issued to investors on Friday,Benzinga reports. They currently have a $8.00 price objective on the stock. Macquarie’s price target suggests a potential upside of 55.04% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price for the company. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock traded up $0.16 during mid-day trading on Friday, hitting $5.16. The company had a trading volume of 370,692 shares, compared to its average volume of 2,010,453. The company’s fifty day moving average is $5.75 and its 200-day moving average is $6.53. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -5.61 and a beta of 1.29. Brookdale Senior Living has a 12-month low of $4.89 and a 12-month high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The business had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. During the same period in the prior year, the company posted ($0.22) EPS. Equities research analysts predict that Brookdale Senior Living will post -0.7 EPS for the current year.

Insider Buying and Selling at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Brookdale Senior Living

Several large investors have recently modified their holdings of BKD. SG Americas Securities LLC lifted its stake in Brookdale Senior Living by 91.8% during the second quarter. SG Americas Securities LLC now owns 37,845 shares of the company’s stock worth $258,000 after purchasing an additional 18,109 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Brookdale Senior Living by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 683,595 shares of the company’s stock valued at $4,669,000 after buying an additional 45,738 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Brookdale Senior Living by 24.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,057,302 shares of the company’s stock worth $7,221,000 after acquiring an additional 209,854 shares during the period. Panagora Asset Management Inc. lifted its holdings in Brookdale Senior Living by 7.3% in the second quarter. Panagora Asset Management Inc. now owns 863,451 shares of the company’s stock worth $5,897,000 after acquiring an additional 58,946 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Brookdale Senior Living in the second quarter worth about $52,000.

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.