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

Key Points

• Brookdale Senior Living has a consensus “Moderate Buy” rating from eight analysts, with five buys, one strong buy, one hold and one sell. The average 12-month price target is $17.40, compared with the stock’s reported opening price of $12.19.
• In its latest quarter, Brookdale reported earnings per share of $0.10, beating the consensus estimate of a $0.06 loss, while revenue of $718.58 million fell short of expectations.
• Several institutional investors initiated positions during the second quarter, including Park West Asset Management, which acquired approximately $49.5 million in shares, and Adelante Capital Management, which purchased about $8.1 million.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.40.

A number of analysts have weighed in on BKD shares. Zacks Research downgraded shares of Brookdale Senior Living from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of Brookdale Senior Living from a "sell (d)" rating to a "sell (d-)" rating in a report on Wednesday, May 27th. Compass Point began coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a "buy" rating and a $22.00 price objective for the company. Finally, Barclays reduced their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, August 11th.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $12.19 on Wednesday. Brookdale Senior Living has a fifty-two week low of $7.11 and a fifty-two week high of $17.09. The firm has a fifty day moving average price of $14.39 and a two-hundred day moving average price of $14.22. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -21.02, a P/E/G ratio of 6.12 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $718.58 million during the quarter, compared to analysts' expectations of $735.63 million. As a group, sell-side analysts expect that Brookdale Senior Living will post 0.06 earnings per share for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Large investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new position in shares of Brookdale Senior Living in the 2nd quarter worth approximately $1,643,000. Public Employees Retirement System of Ohio bought a new stake in Brookdale Senior Living in the second quarter valued at $53,000. Capstone Investment Advisors LLC acquired a new position in Brookdale Senior Living during the second quarter worth $392,000. Adelante Capital Management LLC acquired a new position in Brookdale Senior Living during the second quarter worth $8,116,000. Finally, Park West Asset Management LLC acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $49,491,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc NYSE: BKD is one of the nation's largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.

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