Brookdale Senior Living (NYSE:BKD) Earns Outperform Rating from Royal Bank of Canada

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a note issued to investors on Friday,Benzinga reports. They presently have a $8.00 price target on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 60.00% from the company’s current price.

Other research analysts have also recently issued reports about the company. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Macquarie reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Trading Up 1.4 %

NYSE BKD opened at $5.00 on Friday. Brookdale Senior Living has a 52 week low of $4.89 and a 52 week high of $8.12. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $6.53. The stock has a market capitalization of $996.07 million, a price-to-earnings ratio of -5.43 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The business had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. During the same period last year, the business posted ($0.22) EPS. As a group, analysts anticipate that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the transaction, the director now owns 211,382 shares in the company, valued at $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in shares of Brookdale Senior Living during the second quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in shares of Brookdale Senior Living during the second quarter valued at approximately $26,000. Innealta Capital LLC bought a new stake in shares of Brookdale Senior Living during the second quarter valued at approximately $52,000. Sei Investments Co. purchased a new position in Brookdale Senior Living in the 2nd quarter worth approximately $81,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in Brookdale Senior Living in the 2nd quarter worth approximately $100,000.

About Brookdale Senior Living

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.