Brookdale Senior Living (NYSE:BKD) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Brookdale Senior Living from “hold” to “strong buy.” MarketBeat reports a broader consensus “buy” rating and an average price target of $17.40.
• BKD shares opened at $10.79, below their 50-day and 200-day moving averages of $12.14 and $13.30, respectively; the stock’s 12-month range is $8.00 to $17.09.
• Brookdale beat quarterly earnings expectations, reporting $0.10 per share versus the projected loss of $0.06, though revenue of $718.58 million fell short of the $735.63 million consensus estimate.

Brookdale Senior Living (NYSE:BKD - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday, Zacks reports.

Several other brokerages have also recently weighed in on BKD. Compass Point started coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They issued a "buy" rating and a $22.00 price target on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Finally, Barclays lowered their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $17.40.

Brookdale Senior Living Trading Down 1.0%

NYSE:BKD opened at $10.79 on Tuesday. The business's 50-day moving average is $12.14 and its 200 day moving average is $13.30. Brookdale Senior Living has a 12 month low of $8.00 and a 12 month high of $17.09. The company has a market capitalization of $2.58 billion, a P/E ratio of -18.60, a P/E/G ratio of 5.25 and a beta of 0.53.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The business had revenue of $718.58 million during the quarter, compared to analysts' expectations of $735.63 million. On average, research analysts forecast that Brookdale Senior Living will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Brookdale Senior Living by 86.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,689 shares of the company's stock valued at $43,000 after purchasing an additional 1,244 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookdale Senior Living by 1.3% during the first quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company's stock worth $1,500,000 after purchasing an additional 1,436 shares during the period. Quantinno Capital Management LP boosted its position in Brookdale Senior Living by 4.5% in the first quarter. Quantinno Capital Management LP now owns 48,383 shares of the company's stock valued at $662,000 after buying an additional 2,095 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Brookdale Senior Living by 5.9% in the first quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company's stock valued at $531,000 after buying an additional 2,160 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Brookdale Senior Living in the 2nd quarter worth approximately $53,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc NYSE: BKD is a U.S.-based senior living company that owns, manages and operates communities designed for older adults. Its offerings include independent living, assisted living, memory care and continuing care services, allowing residents to receive different levels of support as their needs change.

The company provides housing and daily living services alongside dining, wellness, social and recreational programs, transportation and care coordination. Through its ancillary services, Brookdale also offers certain home health, hospice and therapy services to residents and other older adults.

Brookdale serves communities across the United States.

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