Jefferies Group LLC Analysts Give Brookdale Senior Living Inc. (BKD) a $14.00 Price Target

Brookdale Senior Living Inc. (NYSE:BKD) has been assigned a $14.00 target price by research analysts at Jefferies Group LLC in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s price target indicates a potential upside of 33.97% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus lowered their price target on shares of Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price target on shares of Brookdale Senior Living in a report on Friday, October 13th. ValuEngine cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Finally, BidaskClub cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Five investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.08.

Shares of Brookdale Senior Living (NYSE BKD) traded up 0.10% on Friday, reaching $10.45. 2,927,747 shares of the company’s stock traded hands. The firm’s market cap is $1.95 billion. Brookdale Senior Living has a one year low of $9.94 and a one year high of $16.31. The company’s 50-day moving average price is $10.96 and its 200 day moving average price is $12.94.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, August 7th. The company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.79). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.14 billion. Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) earnings per share. On average, equities analysts forecast that Brookdale Senior Living will post $1.80 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Brookdale Senior Living by 38.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,887,660 shares of the company’s stock worth $145,448,000 after purchasing an additional 2,751,084 shares during the period. Macquarie Group Ltd. grew its stake in shares of Brookdale Senior Living by 176.0% during the 1st quarter. Macquarie Group Ltd. now owns 2,649,529 shares of the company’s stock worth $35,583,000 after purchasing an additional 1,689,610 shares during the period. Cibc World Markets Corp grew its stake in shares of Brookdale Senior Living by 236.6% during the 2nd quarter. Cibc World Markets Corp now owns 1,138,066 shares of the company’s stock worth $16,741,000 after purchasing an additional 800,000 shares during the period. Employees Retirement System of Texas grew its stake in shares of Brookdale Senior Living by 311.3% during the 2nd quarter. Employees Retirement System of Texas now owns 987,200 shares of the company’s stock worth $14,522,000 after purchasing an additional 747,200 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Brookdale Senior Living by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 15,387,106 shares of the company’s stock worth $206,649,000 after purchasing an additional 663,671 shares during the period. 99.66% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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