Brookdale Senior Living’s (BKD) “Outperform” Rating Reiterated at Royal Bank of Canada

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a research note issued to investors on Thursday,Benzinga reports. They currently have a $8.00 price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 38.53% from the stock’s current price.

Several other analysts also recently issued reports on the company. Macquarie reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Barclays started coverage on Brookdale Senior Living in a report on Tuesday, April 1st. They issued an “equal weight” rating and a $7.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.40.

Brookdale Senior Living Trading Down 2.0 %

Shares of BKD stock traded down $0.12 on Thursday, reaching $5.78. 794,243 shares of the stock were exchanged, compared to its average volume of 2,268,774. The stock has a market cap of $1.16 billion, a P/E ratio of -6.51 and a beta of 0.87. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The firm has a 50 day moving average of $5.60 and a two-hundred day moving average of $5.58. Brookdale Senior Living has a 1-year low of $4.45 and a 1-year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced 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). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The company had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. On average, research analysts anticipate that Brookdale Senior Living will post -0.56 EPS for the current year.

Institutional Trading of Brookdale Senior Living

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock valued at $927,000 after acquiring an additional 111,686 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Brookdale Senior Living during the third quarter valued at about $1,775,000. Hedges Asset Management LLC grew its stake in shares of Brookdale Senior Living by 28.0% during the fourth quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock valued at $1,333,000 after acquiring an additional 58,000 shares in the last quarter. Hennessy Advisors Inc. lifted its position in shares of Brookdale Senior Living by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company’s stock worth $7,543,000 after purchasing an additional 95,700 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Brookdale Senior Living by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 204,445 shares of the company’s stock worth $1,388,000 after purchasing an additional 40,433 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.