Brookdale Senior Living (NYSE:BKD) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a research note released on Thursday,Benzinga reports. They currently have a $8.00 price objective on the stock.

Separately, Macquarie reissued an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $5.46 on Thursday. Brookdale Senior Living has a 1-year low of $4.45 and a 1-year high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -6.13 and a beta of 1.29. The stock’s fifty day simple moving average is $4.98 and its 200-day simple moving average is $5.85.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 59.90%. The business had revenue of $780.95 million for the quarter, compared to analysts’ expectations of $781.78 million. On average, sell-side analysts predict that Brookdale Senior Living will post -0.61 earnings per share for the current fiscal year.

Insider Activity at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the sale, the director now owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

A number of institutional investors have recently bought and sold shares of BKD. Flat Footed LLC lifted its position in shares of Brookdale Senior Living by 84.9% in the fourth quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock worth $57,351,000 after buying an additional 5,235,078 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its position in shares of Brookdale Senior Living by 86.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock worth $38,031,000 after buying an additional 3,507,044 shares during the last quarter. Rush Island Management LP lifted its position in shares of Brookdale Senior Living by 62.3% in the fourth quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock worth $41,769,000 after buying an additional 3,187,294 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Brookdale Senior Living by 26.7% in the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock worth $49,878,000 after buying an additional 2,089,242 shares during the last quarter. Finally, Adelante Capital Management LLC acquired a new stake in shares of Brookdale Senior Living in the third quarter worth about $12,076,000.

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.