Brookdale Senior Living Inc. (NYSE:BKD) had its target price lowered by Royal Bank Of Canada from $16.00 to $13.00 in a research note released on Wednesday, November 8th. The brokerage currently has an outperform rating on the stock.
Several other brokerages also recently commented on BKD. Zacks Investment Research downgraded shares of Brookdale Senior Living from a hold rating to a strong sell rating in a report on Thursday, August 10th. BidaskClub cut shares of Brookdale Senior Living from a sell rating to a strong sell rating in a research report on Saturday, August 12th. Stifel Nicolaus dropped their target price on shares of Brookdale Senior Living from $20.00 to $16.00 and set a buy rating for the company in a research report on Tuesday, August 8th. Jefferies Group LLC reiterated a buy rating and set a $15.50 price objective (down from $16.50) on shares of Brookdale Senior Living in a research report on Monday, October 2nd. Finally, ValuEngine lowered shares of Brookdale Senior Living from a buy rating to a hold rating in a report on Monday, August 28th. Three analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $15.42.
Brookdale Senior Living (NYSE:BKD) traded down $0.06 on Wednesday, hitting $10.36. 2,068,100 shares of the stock traded hands, compared to its average volume of 3,412,286. Brookdale Senior Living has a twelve month low of $8.78 and a twelve month high of $16.31. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 3.23.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.97). Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned ($0.28) earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. equities analysts anticipate that Brookdale Senior Living will post -2.11 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Brookdale Senior Living by 38.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,887,660 shares of the company’s stock worth $145,448,000 after buying an additional 2,751,084 shares during the period. Land & Buildings Investment Management LLC raised its position in shares of Brookdale Senior Living by 55.6% in the 3rd quarter. Land & Buildings Investment Management LLC now owns 5,000,774 shares of the company’s stock worth $53,008,000 after purchasing an additional 1,787,856 shares during the last quarter. Cortina Asset Management LLC purchased a new position in shares of Brookdale Senior Living in the 3rd quarter worth about $14,365,000. Macquarie Group Ltd. raised its position in Brookdale Senior Living by 44.8% in the 2nd quarter. Macquarie Group Ltd. now owns 3,835,350 shares of the company’s stock worth $56,418,000 after buying an additional 1,185,821 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Brookdale Senior Living by 3,384.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,080,200 shares of the company’s stock worth $11,450,000 after buying an additional 1,049,200 shares during the last quarter.
About Brookdale Senior Living
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.
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