Brookdale Senior Living (NYSE:BKD) Given Outperform Rating at Royal Bank of Canada

Brookdale Senior Living (NYSE:BKDGet Free Report)‘s stock had its “outperform” rating reiterated by Royal Bank of Canada in a research note issued on Wednesday, Benzinga reports. They currently have a $9.00 price target on the stock. Royal Bank of Canada’s price target indicates a potential upside of 26.58% from the stock’s previous close.

A number of other research firms have also commented on BKD. StockNews.com lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Macquarie started coverage on Brookdale Senior Living in a report on Friday, June 28th. They set an “outperform” rating and a $7.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Brookdale Senior Living has a consensus rating of “Hold” and an average price target of $7.50.

Get Our Latest Stock Analysis on Brookdale Senior Living

Brookdale Senior Living Stock Down 0.6 %

Shares of NYSE BKD traded down $0.04 during mid-day trading on Wednesday, reaching $7.11. 12,422 shares of the company’s stock were exchanged, compared to its average volume of 1,803,458. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -9.23 and a beta of 1.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 10.23. The business has a fifty day simple moving average of $6.87 and a 200 day simple moving average of $6.34. Brookdale Senior Living has a twelve month low of $3.43 and a twelve month high of $7.62.

Brookdale Senior Living (NYSE:BKDGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The company had revenue of $782.83 million for the quarter. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. As a group, equities analysts expect that Brookdale Senior Living will post -0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Diversified Trust Co grew its stake in Brookdale Senior Living by 4.8% in the first quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock valued at $261,000 after purchasing an additional 1,811 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Brookdale Senior Living by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,815 shares of the company’s stock worth $709,000 after acquiring an additional 2,395 shares during the period. ProShare Advisors LLC boosted its stake in shares of Brookdale Senior Living by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock worth $221,000 after acquiring an additional 2,637 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after acquiring an additional 2,790 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Brookdale Senior Living by 9.7% during the 4th quarter. Arizona State Retirement System now owns 49,986 shares of the company’s stock worth $291,000 after acquiring an additional 4,434 shares during the period.

Brookdale Senior Living Company Profile

(Get Free Report)

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.

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