Brookdale Senior Living (NYSE:BKD) Stock Gets Price Target Trim from Barclays

Key Points

• Barclays cut Brookdale Senior Living’s price target from $17 to $14 but maintained an “overweight” rating, implying 57% upside from the share price at the time of the report.
• Analyst views are mixed: MarketBeat’s consensus is “Moderate Buy” with a $15.60 target, while ratings range from strong buy to sell.
• Brookdale missed quarterly expectations, reporting a $0.06 loss per share versus an expected $0.03 loss, and revenue of $712.07 million versus a $721.26 million estimate.

Brookdale Senior Living (NYSE:BKD - Get Free Report) had its target price lowered by stock analysts at Barclays from $17.00 to $14.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 57.04% from the company's current price.

BKD has been the subject of a number of other research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Stephens reduced their price target on Brookdale Senior Living from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Zacks Research upgraded shares of Brookdale Senior Living from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $15.60.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $8.91 on Tuesday. The company has a market capitalization of $2.13 billion, a PE ratio of -56.03, a price-to-earnings-growth ratio of 5.39 and a beta of 0.55. The business has a 50 day simple moving average of $10.85 and a 200 day simple moving average of $13.25. Brookdale Senior Living has a one year low of $8.85 and a one year high of $17.09.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Friday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $712.07 million for the quarter, compared to the consensus estimate of $721.26 million. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. Equities analysts anticipate that Brookdale Senior Living will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BKD. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Brookdale Senior Living in the second quarter worth about $43,000. Public Employees Retirement System of Ohio purchased a new stake in Brookdale Senior Living during the second quarter valued at approximately $53,000. Nykredit A S purchased a new stake in shares of Brookdale Senior Living during the second quarter worth about $57,000. Persistent Asset Partners Ltd purchased a new position in Brookdale Senior Living in the 2nd quarter worth $66,000. Finally, Strs Ohio acquired a new stake in shares of Brookdale Senior Living in the first quarter worth $70,000.

About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents' needs and levels of independence.

Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.

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