Brookdale Senior Living, Inc. (NYSE:BKD) has been given an average recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9.50.
Several brokerages have weighed in on BKD. Stephens reiterated a “buy” rating and issued a $12.00 target price on shares of Brookdale Senior Living in a report on Tuesday, March 6th. Royal Bank of Canada cut Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $13.00 to $8.00 in a report on Tuesday, February 27th. Jefferies Group set a $9.00 target price on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus cut Brookdale Senior Living from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $9.00 in a report on Thursday, February 22nd. Finally, Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st.
Shares of Brookdale Senior Living (NYSE BKD) opened at $7.24 on Friday. Brookdale Senior Living has a 1-year low of $6.39 and a 1-year high of $15.66. The firm has a market capitalization of $1,348.92, a price-to-earnings ratio of -2.36 and a beta of 1.86. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.82 and a quick ratio of 0.82.
In related news, Director James R. Seward acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was purchased at an average cost of $6.68 per share, for a total transaction of $33,400.00. Following the purchase, the director now directly owns 102,451 shares of the company’s stock, valued at approximately $684,372.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lucinda M. Baier acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $6.94 per share, with a total value of $104,100.00. Following the completion of the purchase, the insider now directly owns 382,934 shares in the company, valued at $2,657,561.96. The disclosure for this purchase can be found here. Insiders have purchased a total of 36,950 shares of company stock valued at $256,401 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Brookdale Senior Living during the 3rd quarter worth $122,000. PEAK6 Investments L.P. purchased a new stake in shares of Brookdale Senior Living during the 4th quarter worth $134,000. State of Alaska Department of Revenue purchased a new stake in shares of Brookdale Senior Living during the 4th quarter worth $148,000. Two Sigma Securities LLC purchased a new stake in shares of Brookdale Senior Living during the 4th quarter worth $155,000. Finally, FDx Advisors Inc. purchased a new stake in shares of Brookdale Senior Living during the 3rd quarter worth $184,000.
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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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