Brokerages Set Brookdale Senior Living Inc. (NYSE:BKD) Target Price at $14.00

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

BKD has been the topic of a number of recent research reports. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and upped their target price for the company from $6.75 to $13.00 in a research report on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Zacks Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Barclays increased their price target on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd.

Brookdale Senior Living Price Performance

NYSE BKD opened at $15.01 on Wednesday. The company has a market cap of $3.57 billion, a price-to-earnings ratio of -13.52 and a beta of 0.68. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $13.51 and its 200 day moving average price is $10.64. Brookdale Senior Living has a 1 year low of $4.97 and a 1 year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $754.09 million for the quarter, compared to analyst estimates of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. As a group, equities research analysts forecast that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its position in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after purchasing an additional 2,675 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Brookdale Senior Living in the 3rd quarter valued at $59,000. Strs Ohio purchased a new stake in Brookdale Senior Living during the first quarter worth $61,000. FNY Investment Advisers LLC acquired a new stake in Brookdale Senior Living during the fourth quarter valued at $62,000. Finally, Covestor Ltd grew its position in Brookdale Senior Living by 55.8% during the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after buying an additional 3,428 shares during the period.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.