Brookdale Senior Living Inc. (NYSE:BKD) Stock Has Average Target Price of $17.40 According to Analysts

Shares of Brookdale Senior Living Inc. (NYSE:BKD) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.40.

Several equities research analysts have recently commented on BKD shares. Compass Point initiated coverage on shares of 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. Zacks Research raised shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Finally, Barclays decreased their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th.

Institutional Investors Weigh In On Brookdale Senior Living

Several institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new position in Brookdale Senior Living during the 2nd quarter valued at $43,000. Public Employees Retirement System of Ohio bought a new position in shares of Brookdale Senior Living during the second quarter valued at about $53,000. Nykredit A S bought a new position in shares of Brookdale Senior Living during the second quarter valued at about $57,000. Persistent Asset Partners Ltd purchased a new position in Brookdale Senior Living during the second quarter worth about $66,000. Finally, Strs Ohio purchased a new position in Brookdale Senior Living during the first quarter worth about $70,000.

Brookdale Senior Living Stock Up 1.0%

Brookdale Senior Living stock opened at $10.22 on Thursday. The company has a market capitalization of $2.44 billion, a PE ratio of -17.63, a PEG ratio of 4.88 and a beta of 0.53. Brookdale Senior Living has a 12-month low of $8.02 and a 12-month high of $17.09. The firm’s fifty day moving average is $11.89 and its 200 day moving average is $13.23.

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

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.