Brookdale Senior Living (NYSE:BKD) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Brookdale Senior Living (NYSE:BKD – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada upped their target price on Brookdale Senior Living from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 23rd. Stifel Nicolaus cut Brookdale Senior Living from a “buy” rating to a “hold” rating and cut their price target for the stock from $5.00 to $4.00 in a research note on Tuesday, January 17th.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $2.79 on Thursday. Brookdale Senior Living has a 1-year low of $2.37 and a 1-year high of $7.61. The business has a 50-day moving average of $2.93 and a 200-day moving average of $3.60. The company has a debt-to-equity ratio of 6.86, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $522.29 million, a price-to-earnings ratio of -2.20 and a beta of 1.27.

Insider Buying and Selling

In related news, Director Jordan R. Asher sold 17,200 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $3.33, for a total value of $57,276.00. Following the transaction, the director now owns 102,965 shares in the company, valued at $342,873.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKD. Point72 Hong Kong Ltd acquired a new stake in Brookdale Senior Living during the first quarter valued at approximately $35,000. Nisa Investment Advisors LLC raised its stake in Brookdale Senior Living by 215.9% during the third quarter. Nisa Investment Advisors LLC now owns 7,535 shares of the company’s stock valued at $33,000 after buying an additional 5,150 shares in the last quarter. Covestor Ltd raised its stake in Brookdale Senior Living by 12,683.9% during the first quarter. Covestor Ltd now owns 7,926 shares of the company’s stock valued at $56,000 after buying an additional 7,864 shares in the last quarter. Caxton Associates LP acquired a new stake in Brookdale Senior Living during the third quarter valued at approximately $43,000. Finally, Inspire Investing LLC acquired a new stake in Brookdale Senior Living during the fourth quarter valued at approximately $27,000.

About Brookdale Senior Living

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Brookdale Senior Living, Inc engages in the operation of senior living communities. The firm manages independent living, assisted living and dementia-care communities and continuing care retirement centers. It operates through the following segments: Independent Living Assisted Living & Memory Care, CCRCs, Health Care Services and Management Services.