Brookdale Senior Living (NYSE:BKD) Earns Outperform Rating from Royal Bank of Canada

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a report issued on Friday,Benzinga reports. They presently have a $8.00 target price on the stock. Royal Bank of Canada’s target price indicates a potential upside of 55.95% from the company’s previous close.

Other equities analysts have also issued reports about the company. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Macquarie reaffirmed an “outperform” rating and issued a $8.00 price objective 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Trading Up 2.6 %

Shares of NYSE BKD opened at $5.13 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of -5.58 and a beta of 1.29. The firm has a 50 day moving average price of $5.73 and a two-hundred day moving average price of $6.52. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. Brookdale Senior Living has a 52-week low of $4.89 and a 52-week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same quarter in the previous year, the company earned ($0.22) earnings per share. As a group, equities analysts forecast that Brookdale Senior Living will post -0.7 EPS for the current year.

Insider Transactions at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the transaction, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

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

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.