Brookdale Senior Living (NYSE:BKD) Rating Reiterated by Royal Bank of Canada

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reissued by Royal Bank of Canada in a report issued on Wednesday, Benzinga reports. They currently have a $9.00 price objective on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 25.00% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Macquarie assumed coverage on Brookdale Senior Living in a research note on Friday, June 28th. They set an “outperform” rating and a $7.50 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Up 2.6 %

Brookdale Senior Living stock opened at $7.20 on Wednesday. Brookdale Senior Living has a fifty-two week low of $3.43 and a fifty-two week high of $7.62. The company has a debt-to-equity ratio of 10.23, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -9.35 and a beta of 1.31. The company’s 50 day simple moving average is $6.87 and its 200 day simple moving average is $6.35.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Tuesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. The firm had revenue of $782.83 million during the quarter. As a group, sell-side analysts anticipate that Brookdale Senior Living will post -0.52 EPS for the current year.

Institutional Trading of Brookdale Senior Living

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Brookdale Senior Living by 1.2% in the first quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock valued at $120,774,000 after acquiring an additional 220,199 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Brookdale Senior Living by 8.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,310,786 shares of the company’s stock valued at $54,191,000 after purchasing an additional 742,822 shares in the last quarter. Iron Triangle Partners LP increased its stake in shares of Brookdale Senior Living by 21.4% in the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock valued at $38,986,000 after purchasing an additional 1,038,353 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth $28,961,000. Finally, Waterfront Capital Partners LLC lifted its position in shares of Brookdale Senior Living by 36.5% during the 4th quarter. Waterfront Capital Partners LLC now owns 2,765,004 shares of the company’s stock worth $16,092,000 after buying an additional 740,004 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.