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.
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.
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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