Brookdale Senior Living (BKD) Stock Rating Upgraded by ValuEngine

Share on StockTwits

ValuEngine upgraded shares of Brookdale Senior Living (NYSE:BKD) from a sell rating to a hold rating in a report issued on Wednesday.

A number of other research firms also recently weighed in on BKD. Zacks Investment Research downgraded shares of Brookdale Senior Living from a hold rating to a sell rating in a research note on Tuesday, July 10th. JMP Securities raised their price target on shares of Brookdale Senior Living from $9.00 to $11.00 and gave the company a buy rating in a research note on Wednesday, October 3rd. Finally, Stifel Nicolaus reduced their price target on shares of Brookdale Senior Living from $9.00 to $8.00 and set a hold rating on the stock in a research note on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $9.25.

Shares of BKD traded up $0.20 during mid-day trading on Wednesday, reaching $9.13. The company had a trading volume of 12,911 shares, compared to its average volume of 1,787,942. Brookdale Senior Living has a 1-year low of $6.28 and a 1-year high of $11.09. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.93. The company has a market cap of $1.67 billion, a P/E ratio of -11.70 and a beta of 1.67.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, August 6th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.66). Brookdale Senior Living had a negative net margin of 21.80% and a negative return on equity of 13.56%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted ($0.25) earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts forecast that Brookdale Senior Living will post -1.03 EPS for the current year.

In related news, Director Marcus E. Bromley purchased 6,400 shares of Brookdale Senior Living stock in a transaction dated Tuesday, August 14th. The shares were bought at an average cost of $7.85 per share, for a total transaction of $50,240.00. Following the purchase, the director now owns 54,619 shares in the company, valued at approximately $428,759.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Brookdale Senior Living by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,664,280 shares of the company’s stock valued at $142,390,000 after buying an additional 1,186,239 shares during the last quarter. Fosun International Ltd raised its holdings in Brookdale Senior Living by 1.1% in the 2nd quarter. Fosun International Ltd now owns 15,268,447 shares of the company’s stock valued at $138,791,000 after buying an additional 168,558 shares during the last quarter. BlackRock Inc. raised its holdings in Brookdale Senior Living by 51.3% in the 2nd quarter. BlackRock Inc. now owns 13,596,562 shares of the company’s stock valued at $123,593,000 after buying an additional 4,612,157 shares during the last quarter. Morgan Stanley raised its holdings in Brookdale Senior Living by 12.5% in the 2nd quarter. Morgan Stanley now owns 9,928,319 shares of the company’s stock valued at $90,249,000 after buying an additional 1,107,030 shares during the last quarter. Finally, Land & Buildings Investment Management LLC raised its holdings in Brookdale Senior Living by 25.2% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 7,171,671 shares of the company’s stock valued at $65,190,000 after buying an additional 1,442,276 shares during the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

Read More: How does inflation affect different investments?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

Receive News & Ratings for Brookdale Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply