Brookdale Senior Living (NYSE:BKD) Receives “Outperform” Rating from Royal Bank of Canada

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $8.00 price objective on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 46.12% from the company’s previous close.

Separately, Macquarie restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Stock Performance

NYSE:BKD traded up $0.04 during midday trading on Thursday, reaching $5.48. The stock had a trading volume of 263,785 shares, compared to its average volume of 2,273,203. The stock has a market cap of $1.09 billion, a P/E ratio of -6.15 and a beta of 1.29. Brookdale Senior Living has a 12-month low of $4.45 and a 12-month high of $8.12. The firm has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $5.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company 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 59.90% and a negative net margin of 6.46%. On average, equities analysts expect that Brookdale Senior Living will post -0.61 EPS for the current year.

Insider Buying and Selling

In related news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Brookdale Senior Living by 16.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 573,786 shares of the company’s stock valued at $2,886,000 after acquiring an additional 79,264 shares during the last quarter. State of Wyoming increased its stake in shares of Brookdale Senior Living by 19.2% during the 4th quarter. State of Wyoming now owns 51,819 shares of the company’s stock valued at $261,000 after acquiring an additional 8,335 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Brookdale Senior Living during the 4th quarter valued at about $80,000. Rush Island Management LP increased its stake in shares of Brookdale Senior Living by 62.3% during the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock valued at $41,769,000 after acquiring an additional 3,187,294 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Brookdale Senior Living by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 53,906 shares of the company’s stock valued at $271,000 after acquiring an additional 17,736 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.