Brokerages Set Brookdale Senior Living, Inc. (BKD) Price Target at $15.30

Brookdale Senior Living, Inc. (NYSE:BKD) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $15.30.

A number of analysts have issued reports on BKD shares. Jefferies Group set a $14.00 target price on shares of Brookdale Senior Living and gave the company a “buy” rating in a research note on Friday, October 20th. Royal Bank of Canada reduced their target price on shares of Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Stephens set a $16.00 target price on shares of Brookdale Senior Living and gave the company a “buy” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research note on Monday, December 18th. Finally, Stifel Nicolaus reduced their target price on shares of Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th.

Large investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brookdale Senior Living by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $102,000 after purchasing an additional 761 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $148,000. Merriman Wealth Management LLC bought a new position in Brookdale Senior Living during the third quarter worth $108,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Brookdale Senior Living during the third quarter worth $122,000. 99.60% of the stock is currently owned by institutional investors.

Brookdale Senior Living (NYSE BKD) traded down $0.17 during midday trading on Tuesday, reaching $9.68. 1,320,200 shares of the company’s stock were exchanged, compared to its average volume of 1,481,475. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $1,810.00, a PE ratio of -2.10 and a beta of 1.73. Brookdale Senior Living has a 1 year low of $8.78 and a 1 year high of $16.31.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, November 6th. The company reported ($2.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($1.97). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Brookdale Senior Living had a negative net margin of 17.85% and a negative return on equity of 0.79%. Brookdale Senior Living’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.28) earnings per share. analysts expect that Brookdale Senior Living will post -3.43 EPS for the current fiscal year.

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About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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