Brookdale Senior Living (NYSE:BKD) Now Covered by Stephens

Key Points

• Stephens initiated coverage on Brookdale Senior Living with an "overweight" rating and an $18.00 price target, implying about a 27.8% upside from the prior close.
• Multiple brokers have recently upgraded BKD, leaving the consensus as a Moderate Buy with an average target of $16.50.
• BKD trades around $14, posted a slight quarterly EPS miss (‑$0.17 vs. est. ‑$0.16) and remains unprofitable (negative ROE and net margin), even as several institutional investors have increased stakes.

Equities researchers at Stephens started coverage on shares of Brookdale Senior Living (NYSE:BKD - Get Free Report) in a research note issued on Thursday. The brokerage set an "overweight" rating and a $18.00 price target on the stock. Stephens' target price points to a potential upside of 27.82% from the stock's previous close.

BKD has been the subject of a number of other research reports. Citigroup upgraded shares of Brookdale Senior Living to a "buy" rating in a research note on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Barclays upped their price objective on Brookdale Senior Living to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 3rd. Zacks Research upgraded Brookdale Senior Living from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 18th. Finally, Bank of America raised Brookdale Senior Living from an "underperform" rating to a "buy" rating and raised their target price for the stock from $6.75 to $13.00 in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.50.

Brookdale Senior Living Trading Up 2.4%

BKD stock opened at $14.08 on Thursday. The company has a market capitalization of $3.35 billion, a PE ratio of -12.69 and a beta of 0.73. Brookdale Senior Living has a 12-month low of $4.97 and a 12-month high of $17.09. The business's fifty day moving average price is $14.84 and its 200 day moving average price is $11.80.

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

Institutional Trading of Brookdale Senior Living

Several hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. raised its stake in shares of Brookdale Senior Living by 16.8% during the third quarter. Victory Capital Management Inc. now owns 2,493,480 shares of the company's stock valued at $21,120,000 after purchasing an additional 358,012 shares in the last quarter. CenterBook Partners LP acquired a new stake in Brookdale Senior Living in the third quarter worth about $2,181,000. Delta Investment Management LLC bought a new position in Brookdale Senior Living in the 3rd quarter valued at about $836,000. Iron Triangle Partners LP grew its position in Brookdale Senior Living by 67.0% in the 3rd quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company's stock valued at $24,041,000 after buying an additional 1,138,361 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Brookdale Senior Living during the 3rd quarter valued at about $725,000.

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.

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.