Analysts Set Brookdale Senior Living Inc. (NYSE:BKD) PT at $19.90

Brookdale Senior Living Inc. (NYSE:BKD) has received a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.67.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday. BidaskClub lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.50 price objective on shares of Brookdale Senior Living in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, ValuEngine lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.

A number of hedge funds have recently bought and sold shares of BKD. Paulson & CO. Inc. acquired a new stake in Brookdale Senior Living during the first quarter worth $67,707,000. Brookfield Asset Management Inc. boosted its stake in shares of Brookdale Senior Living by 34.5% in the fourth quarter. Brookfield Asset Management Inc. now owns 11,551,213 shares of the company’s stock valued at $143,466,000 after buying an additional 2,963,898 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Brookdale Senior Living by 125.2% in the first quarter. Wellington Management Group LLP now owns 5,241,746 shares of the company’s stock valued at $70,398,000 after buying an additional 2,914,451 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Brookdale Senior Living by 53.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,136,576 shares of the company’s stock valued at $95,843,000 after buying an additional 2,475,820 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Brookdale Senior Living by 176.0% in the first quarter. Macquarie Group Ltd. now owns 2,649,529 shares of the company’s stock valued at $35,583,000 after buying an additional 1,689,610 shares in the last quarter.

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Shares of Brookdale Senior Living (BKD) opened at 12.90 on Tuesday. The company has a 50-day moving average price of $14.41 and a 200 day moving average price of $14.00. The firm’s market capitalization is $2.40 billion. Brookdale Senior Living has a one year low of $10.65 and a one year high of $18.46.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.79. Brookdale Senior Living had a negative net margin of 9.77% and a positive return on equity of 13.22%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm posted ($0.19) EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Brookdale Senior Living will post $1.80 earnings per share for the current fiscal year.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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