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

Key Points

• Analysts have assigned Brookdale an average rating of "Buy" from seven brokerages (1 sell, 4 buy, 2 strong buy) with a consensus 12‑month price target of $16.50.
• Brookdale remains unprofitable, reporting Q EPS of ($0.17) (missing by $0.01) with a negative return on equity and net margin, and analysts project about –0.56 EPS for the fiscal year.
• Shares trade around $14.04 (below the consensus target), and several institutions have been increasing exposure—most notably Voloridge (+304% stake increase) and Adelante Capital (large added position).

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) have been assigned an average rating of "Buy" from the seven brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.50.

BKD has been the topic of several research reports. Stephens initiated coverage on shares of Brookdale Senior Living in a research report on Thursday, April 9th. They issued an "overweight" rating and a $18.00 price target on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Weiss Ratings restated a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Bank of America upgraded Brookdale Senior Living from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Finally, Barclays boosted their price objective on Brookdale Senior Living to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, February 3rd.

Brookdale Senior Living Trading Up 0.9%

Shares of Brookdale Senior Living stock opened at $14.04 on Thursday. The company's 50-day moving average price is $14.70 and its two-hundred day moving average price is $11.98. Brookdale Senior Living has a 52 week low of $5.79 and a 52 week high of $17.09. The stock has a market cap of $3.34 billion, a PE ratio of -12.65 and a beta of 0.73.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%.The business had revenue of $754.09 million during the quarter, compared to the consensus estimate of $753.60 million. On average, equities analysts predict that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its holdings in Brookdale Senior Living by 11.8% during the 4th quarter. Hsbc Holdings PLC now owns 94,844 shares of the company's stock worth $1,014,000 after buying an additional 10,003 shares during the period. Mackenzie Financial Corp raised its holdings in Brookdale Senior Living by 4.6% during the 4th quarter. Mackenzie Financial Corp now owns 63,893 shares of the company's stock worth $686,000 after buying an additional 2,811 shares during the period. Regal Partners Ltd acquired a new stake in Brookdale Senior Living during the 4th quarter worth about $1,079,000. Adelante Capital Management LLC raised its holdings in Brookdale Senior Living by 7.4% during the 4th quarter. Adelante Capital Management LLC now owns 1,088,545 shares of the company's stock worth $11,745,000 after buying an additional 75,364 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in Brookdale Senior Living by 304.1% during the 4th quarter. Voloridge Investment Management LLC now owns 1,563,328 shares of the company's stock worth $16,868,000 after buying an additional 1,176,505 shares during the period.

About Brookdale Senior Living

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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