Brookdale Senior Living (NYSE:BKD) Earns Outperform Rating from Macquarie

Macquarie reaffirmed their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $8.00 price objective on the stock.

A number of other equities analysts have also recently issued reports on the company. Bank of America cut Brookdale Senior Living from a neutral rating to an underperform rating and decreased their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Royal Bank of Canada reaffirmed an outperform rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to data from MarketBeat, Brookdale Senior Living has an average rating of Hold and a consensus price target of $7.67.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD opened at $5.91 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -7.68 and a beta of 1.31. The stock’s fifty day simple moving average is $6.75 and its 200 day simple moving average is $6.89. Brookdale Senior Living has a 52-week low of $3.66 and a 52-week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The company had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. During the same quarter last year, the firm earned ($0.15) EPS. As a group, sell-side analysts forecast that Brookdale Senior Living will post -0.57 earnings per share for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Brookdale Senior Living during the second quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in Brookdale Senior Living during the second quarter valued at $26,000. Innealta Capital LLC acquired a new stake in Brookdale Senior Living during the second quarter valued at $52,000. Sei Investments Co. acquired a new stake in Brookdale Senior Living during the second quarter valued at $81,000. Finally, Lazard Asset Management LLC boosted its position in Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after purchasing an additional 2,790 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.