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

Key Points

• Stephens cut Brookdale Senior Living’s price target from $17 to $12 but maintained an “overweight” rating; the revised target implied 31.65% upside from the prior close.
• Analyst sentiment was broadly positive: MarketBeat reported a “Moderate Buy” consensus and a $16.20 average target, with six Buy, one Strong Buy, and one Sell rating.
• Brookdale missed quarterly expectations, reporting a loss of $0.06 per share versus the $0.03 loss analysts expected, while revenue of $712.07 million also fell short of estimates.

Brookdale Senior Living (NYSE:BKD - Get Free Report) had its target price cut by stock analysts at Stephens from $17.00 to $12.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Stephens's target price would suggest a potential upside of 31.65% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Brookdale Senior Living from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Barclays lowered their price objective on shares of Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of "Moderate Buy" and a consensus price target of $16.20.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock opened at $9.12 on Monday. The firm has a market cap of $2.18 billion, a P/E ratio of -56.97, a P/E/G ratio of 4.34 and a beta of 0.55. The business's fifty day moving average is $10.90 and its two-hundred day moving average is $13.26. Brookdale Senior Living has a 52 week low of $8.02 and a 52 week high of $17.09.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its 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). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 1.27%. The business had revenue of $712.07 million for the quarter, compared to the consensus estimate of $721.26 million. On average, equities research analysts predict that Brookdale Senior Living will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth about $43,000. Public Employees Retirement System of Ohio bought a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at about $53,000. Nykredit A S acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $57,000. Persistent Asset Partners Ltd acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $66,000. Finally, Strs Ohio acquired a new stake in shares of Brookdale Senior Living in the 1st quarter valued at approximately $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.