Brookdale Senior Living (NYSE:BKD) Coverage Initiated at Jefferies Financial Group

Investment analysts at Jefferies Financial Group started coverage on shares of Brookdale Senior Living (NYSE:BKD) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 21.12% from the stock’s previous close.

BKD has been the subject of several other reports. Bank of America cut shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Macquarie reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.75.

Brookdale Senior Living Trading Down 1.1 %

Brookdale Senior Living stock opened at $6.61 on Wednesday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -8.58 and a beta of 1.31. The firm has a 50-day moving average of $6.68 and a 200-day moving average of $6.88. 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 has a one year low of $3.66 and a one year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same period in the previous year, the business earned ($0.15) earnings per share. On average, equities analysts expect that Brookdale Senior Living will post -0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently modified their holdings of BKD. nVerses Capital LLC acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $25,000. Headlands Technologies LLC bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in Brookdale Senior Living during the second quarter worth approximately $52,000. Sei Investments Co. bought a new stake in shares of Brookdale Senior Living during the second quarter worth approximately $81,000. Finally, Lazard Asset Management LLC grew its position 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 purchasing an additional 2,790 shares during the last quarter.

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.