Brookdale Senior Living Inc. (NYSE:BKD) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Brokerages have assigned Brookdale Senior Living Inc. (NYSE:BKD) an average rating of "Hold," with one sell, one hold, and three buy recommendations, and a 12-month price target of $7.70.
• Recent institutional activity includes Sei Investments Co. increasing its stake in Brookdale by 56.7% and JPMorgan Chase & Co. boosting its position by 247.3% in the fourth quarter.
• Brookdale reported EPS of (0.11), aligning with analyst estimates, and has a negative return on equity of 79.84% for the current fiscal year.

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) have been assigned an average rating of "Hold" from the five research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.70.

Several brokerages recently issued reports on BKD. Barclays increased their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Royal Bank Of Canada reissued an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Finally, Wall Street Zen downgraded Brookdale Senior Living from a "hold" rating to a "sell" rating in a research note on Sunday, July 20th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sei Investments Co. lifted its stake in Brookdale Senior Living by 56.7% during the 4th quarter. Sei Investments Co. now owns 217,422 shares of the company's stock valued at $1,094,000 after acquiring an additional 78,714 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Brookdale Senior Living in the fourth quarter valued at about $165,000. JPMorgan Chase & Co. lifted its position in shares of Brookdale Senior Living by 247.3% during the fourth quarter. JPMorgan Chase & Co. now owns 710,014 shares of the company's stock valued at $3,571,000 after purchasing an additional 505,569 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Brookdale Senior Living by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,495,009 shares of the company's stock valued at $7,520,000 after purchasing an additional 20,454 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Brookdale Senior Living by 37.0% during the fourth quarter. Russell Investments Group Ltd. now owns 121,038 shares of the company's stock worth $609,000 after purchasing an additional 32,663 shares during the last quarter.

Brookdale Senior Living Stock Performance

BKD stock opened at $7.88 on Wednesday. The firm has a market cap of $1.85 billion, a PE ratio of -7.58 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 28.85. The stock has a 50-day moving average price of $7.15 and a 200-day moving average price of $6.29. Brookdale Senior Living has a 1-year low of $4.45 and a 1-year high of $8.01.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). Brookdale Senior Living had a negative return on equity of 79.84% and a negative net margin of 7.52%. As a group, equities research analysts expect that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Brookdale Senior Living Company Profile

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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