Brookdale Senior Living (BKD) Upgraded at ValuEngine

ValuEngine upgraded shares of Brookdale Senior Living (NYSE:BKD) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Several other research firms have also issued reports on BKD. Zacks Investment Research lowered Brookdale Senior Living from a hold rating to a sell rating in a research note on Tuesday, July 10th. JMP Securities increased their price target on Brookdale Senior Living from $9.00 to $11.00 and gave the company a buy rating in a research report on Wednesday, October 3rd. Finally, Stifel Nicolaus reduced their price target on Brookdale Senior Living from $9.00 to $8.00 and set a hold rating on the stock in a research report on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $9.25.

BKD opened at $8.89 on Wednesday. Brookdale Senior Living has a 12-month low of $6.28 and a 12-month high of $11.09. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.93. The stock has a market cap of $1.67 billion, a P/E ratio of -11.40 and a beta of 1.60.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.66). Brookdale Senior Living had a negative return on equity of 13.56% and a negative net margin of 21.80%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted ($0.25) EPS. Brookdale Senior Living’s revenue was down 2.7% on a year-over-year basis. Equities analysts forecast that Brookdale Senior Living will post -1.03 earnings per share for the current year.

In related news, Director Marcus E. Bromley purchased 6,400 shares of Brookdale Senior Living stock in a transaction on Tuesday, August 14th. The shares were bought at an average price of $7.85 per share, with a total value of $50,240.00. Following the transaction, the director now directly owns 54,619 shares of the company’s stock, valued at $428,759.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Trustcore Financial Services LLC raised its position in Brookdale Senior Living by 3.0% in the 2nd quarter. Trustcore Financial Services LLC now owns 195,141 shares of the company’s stock valued at $1,774,000 after purchasing an additional 5,742 shares in the last quarter. Appleton Partners Inc. MA increased its holdings in shares of Brookdale Senior Living by 12.1% in the 3rd quarter. Appleton Partners Inc. MA now owns 62,405 shares of the company’s stock valued at $613,000 after acquiring an additional 6,750 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Brookdale Senior Living by 20.1% in the 1st quarter. Principal Financial Group Inc. now owns 57,350 shares of the company’s stock valued at $385,000 after acquiring an additional 9,598 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Brookdale Senior Living by 127.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock valued at $165,000 after acquiring an additional 10,131 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in shares of Brookdale Senior Living by 55.2% in the 1st quarter. Xact Kapitalforvaltning AB now owns 28,943 shares of the company’s stock valued at $194,000 after acquiring an additional 10,300 shares during the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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