Brookdale Senior Living (NYSE:BKD) Stock Rating Upgraded by Zacks Research

Brookdale Senior Living (NYSE:BKD) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Several other equities research analysts have also weighed in on BKD. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Compass Point initiated coverage on Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Finally, Barclays decreased their price target on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $17.40.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock opened at $10.79 on Tuesday. The firm’s 50-day simple moving average is $12.14 and its 200-day simple moving average is $13.30. Brookdale Senior Living has a twelve month low of $8.00 and a twelve month high of $17.09. The firm has a market cap of $2.58 billion, a P/E ratio of -18.60, a price-to-earnings-growth ratio of 5.25 and a beta of 0.53.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. The business had revenue of $718.58 million for the quarter, compared to analysts’ expectations of $735.63 million. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. On average, equities analysts forecast that Brookdale Senior Living will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Several large investors have recently added to or reduced their stakes in the company. Sculptor Capital LP bought a new stake in shares of Brookdale Senior Living during the second quarter worth $28,640,000. Wolf Hill Capital Management LP bought a new position in shares of Brookdale Senior Living in the second quarter valued at about $27,353,000. Jupiter Topco LLC acquired a new position in Brookdale Senior Living during the 2nd quarter worth about $1,688,000. Castleark Management LLC acquired a new position in Brookdale Senior Living during the 1st quarter worth about $8,187,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Brookdale Senior Living during the 2nd quarter worth about $1,920,000.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is a U.S.-based senior living company that owns, manages and operates communities designed for older adults. Its offerings include independent living, assisted living, memory care and continuing care services, allowing residents to receive different levels of support as their needs change.

The company provides housing and daily living services alongside dining, wellness, social and recreational programs, transportation and care coordination. Through its ancillary services, Brookdale also offers certain home health, hospice and therapy services to residents and other older adults.

Brookdale serves communities across the United States.