Brookdale Senior Living (NYSE:BKD) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Brookdale Senior Living (NYSE:BKDGet Rating) from a sell rating to a hold rating in a research report released on Tuesday.

BKD has been the topic of several other research reports. Stifel Nicolaus cut Brookdale Senior Living from a buy rating to a hold rating and cut their target price for the company from $5.00 to $4.00 in a research note on Tuesday, January 17th. Royal Bank of Canada dropped their price objective on Brookdale Senior Living from $8.00 to $6.00 and set a sector perform rating on the stock in a research note on Thursday, November 10th. Finally, Barclays dropped their price objective on Brookdale Senior Living from $8.00 to $7.00 and set an overweight rating on the stock in a research note on Friday, October 21st.

Brookdale Senior Living Price Performance

Shares of BKD opened at $2.77 on Tuesday. The company has a debt-to-equity ratio of 8.69, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day simple moving average of $2.88 and a 200 day simple moving average of $4.04. Brookdale Senior Living has a 52-week low of $2.37 and a 52-week high of $7.61. The firm has a market capitalization of $517.45 million, a PE ratio of -1.75 and a beta of 1.35.

Brookdale Senior Living (NYSE:BKDGet Rating) last released its earnings results on Monday, November 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $757.46 million during the quarter, compared to the consensus estimate of $757.47 million. Brookdale Senior Living had a negative net margin of 10.64% and a negative return on equity of 50.99%. Sell-side analysts predict that Brookdale Senior Living will post -1.5 EPS for the current fiscal year.

Insider Buying and Selling at Brookdale Senior Living

In other news, Director Frank M. Bumstead acquired 50,000 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were purchased at an average cost of $3.09 per share, with a total value of $154,500.00. Following the acquisition, the director now directly owns 401,291 shares in the company, valued at approximately $1,239,989.19. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridgewater Associates LP grew its holdings in shares of Brookdale Senior Living by 2.6% during the 2nd quarter. Bridgewater Associates LP now owns 87,429 shares of the company’s stock worth $397,000 after purchasing an additional 2,220 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Brookdale Senior Living by 7.4% during the 2nd quarter. National Bank of Canada FI now owns 33,834 shares of the company’s stock worth $153,000 after purchasing an additional 2,325 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Brookdale Senior Living by 23.0% during the 2nd quarter. Mackenzie Financial Corp now owns 12,883 shares of the company’s stock worth $58,000 after purchasing an additional 2,409 shares in the last quarter. PDT Partners LLC grew its holdings in shares of Brookdale Senior Living by 3.6% during the 1st quarter. PDT Partners LLC now owns 99,572 shares of the company’s stock worth $702,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Brookdale Senior Living by 5.8% during the 1st quarter. Hsbc Holdings PLC now owns 69,107 shares of the company’s stock worth $491,000 after purchasing an additional 3,776 shares in the last quarter.

Brookdale Senior Living Company Profile

(Get Rating)

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.

Further Reading

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