Brookdale Senior Living (NYSE:BKD) Coverage Initiated by Analysts at Barclays

Research analysts at Barclays began coverage on shares of Brookdale Senior Living (NYSE:BKD) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set an “equal weight” rating and a $7.00 price target on the stock. Barclays‘s price target suggests a potential upside of 11.91% from the stock’s current price.

A number of other brokerages have also weighed in on BKD. Macquarie restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three 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 $7.40.

Brookdale Senior Living Stock Up 1.7 %

NYSE BKD opened at $6.26 on Tuesday. The stock has a market cap of $1.25 billion, a PE ratio of -7.03 and a beta of 1.31. The business has a 50 day moving average price of $5.44 and a two-hundred day moving average price of $5.62. Brookdale Senior Living has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $780.95 million for the quarter, compared to analysts’ expectations of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. As a group, sell-side analysts predict that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors have recently made changes to their positions in BKD. MetLife Investment Management LLC boosted its holdings in Brookdale Senior Living by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock worth $568,000 after purchasing an additional 1,953 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Brookdale Senior Living by 2.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,060 shares of the company’s stock valued at $674,000 after buying an additional 2,821 shares during the last quarter. R Squared Ltd bought a new stake in shares of Brookdale Senior Living during the 4th quarter valued at about $33,000. State of Wyoming raised its stake in Brookdale Senior Living by 19.2% during the fourth quarter. State of Wyoming now owns 51,819 shares of the company’s stock worth $261,000 after acquiring an additional 8,335 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock worth $49,000 after acquiring an additional 9,707 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.