Brookdale Senior Living (BKD) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Brookdale Senior Living (NYSE:BKD) from a strong sell rating to a hold rating in a research report report published on Monday, December 18th.

According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “

Several other research firms also recently weighed in on BKD. Royal Bank of Canada reduced their target price on Brookdale Senior Living from $16.00 to $13.00 and set an outperform rating on the stock in a research report on Wednesday, November 8th. Jefferies Group set a $14.00 price target on Brookdale Senior Living and gave the stock a buy rating in a research note on Friday, October 20th. ValuEngine lowered Brookdale Senior Living from a buy rating to a hold rating in a research note on Monday, August 28th. Stifel Nicolaus reduced their price target on Brookdale Senior Living from $16.00 to $14.00 and set a buy rating for the company in a report on Tuesday, November 7th. Finally, Stephens set a $16.00 price target on Brookdale Senior Living and gave the company a buy rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $15.42.

Shares of Brookdale Senior Living (NYSE:BKD) traded up $0.22 during mid-day trading on Monday, reaching $9.38. The company had a trading volume of 3,799,589 shares, compared to its average volume of 2,439,074. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $1,750.00, a price-to-earnings ratio of -2.04 and a beta of 1.73. Brookdale Senior Living has a 52-week low of $8.78 and a 52-week high of $16.31.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. equities research analysts anticipate that Brookdale Senior Living will post -3.43 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of BKD. Royce & Associates LP raised its holdings in Brookdale Senior Living by 6.2% during the second quarter. Royce & Associates LP now owns 1,096,000 shares of the company’s stock valued at $16,122,000 after buying an additional 63,500 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Brookdale Senior Living by 57.8% in the second quarter. Prudential Financial Inc. now owns 1,112,727 shares of the company’s stock worth $16,368,000 after purchasing an additional 407,604 shares during the period. Nomura Holdings Inc. bought a new position in Brookdale Senior Living during the second quarter valued at about $432,000. Kennedy Capital Management Inc. increased its stake in Brookdale Senior Living by 90.2% during the second quarter. Kennedy Capital Management Inc. now owns 539,989 shares of the company’s stock valued at $7,943,000 after acquiring an additional 256,066 shares during the period. Finally, Pax World Management LLC increased its stake in Brookdale Senior Living by 17.6% during the third quarter. Pax World Management LLC now owns 1,151,286 shares of the company’s stock valued at $12,204,000 after acquiring an additional 172,494 shares during the period. Institutional investors and hedge funds own 99.60% of the company’s stock.

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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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