Brookdale Senior Living (NYSE:BKD) Upgraded to “Hold” by Zacks Investment Research

Brookdale Senior Living (NYSE:BKD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, January 31st.

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. “

A number of other research analysts have also recently commented on BKD. Stifel Nicolaus cut their target price on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Brookdale Senior Living in a report on Friday, October 13th. 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. Finally, Jefferies Group set a $14.00 target price on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.60.

Shares of Brookdale Senior Living (BKD) traded down $0.04 during mid-day trading on Wednesday, hitting $9.20. The stock had a trading volume of 1,685,086 shares, compared to its average volume of 2,819,056. Brookdale Senior Living has a 1 year low of $8.78 and a 1 year high of $16.23. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.23. The company has a market capitalization of $1,753.94, a PE ratio of -2.01 and a beta of 1.64.

Several hedge funds have recently modified their holdings of BKD. EP Wealth Advisors LLC acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $148,000. Merriman Wealth Management LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter worth about $108,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter worth about $122,000. Redmile Group LLC acquired a new stake in Brookdale Senior Living during the 2nd quarter worth about $178,000. Finally, PEAK6 Investments L.P. acquired a new stake in Brookdale Senior Living during the 4th quarter worth about $134,000. 99.18% of the stock is currently owned by institutional investors and hedge funds.

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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.

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