Brookdale Senior Living (NYSE:BKD) Stock Rating Reaffirmed by Macquarie

Macquarie restated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $8.00 price target on the stock.

Several other brokerages also recently commented on BKD. StockNews.com downgraded Brookdale Senior Living from a hold rating to a sell rating in a report on Friday, June 7th. Royal Bank of Canada reiterated an outperform rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $7.67.

Brookdale Senior Living Stock Down 1.7 %

Brookdale Senior Living stock opened at $6.20 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. Brookdale Senior Living has a 1-year low of $3.62 and a 1-year high of $8.12. The firm’s fifty day simple moving average is $6.94 and its 200-day simple moving average is $6.91. The company has a market capitalization of $1.20 billion, a P/E ratio of -8.05 and a beta of 1.31.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BKD. nVerses Capital LLC acquired a new stake in shares of Brookdale Senior Living in the second quarter worth $25,000. Headlands Technologies LLC acquired a new stake in Brookdale Senior Living in the 2nd quarter worth $26,000. Innealta Capital LLC bought a new position in shares of Brookdale Senior Living during the 2nd quarter worth about $52,000. Sei Investments Co. acquired a new position in shares of Brookdale Senior Living during the second quarter valued at about $81,000. Finally, Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after buying an additional 2,790 shares during the period.

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.