Wall Street Zen Upgrades Brookdale Senior Living (NYSE:BKD) to Hold

Key Points

• Brookdale Senior Living's rating has been upgraded from a "sell" to a "hold" by Wall Street Zen analysts.
• The company has an average target price of $7.80 and its shares opened at $7.22 on the stock market.
• Brookdale recently reported earnings of ($0.18) per share, missing analysts' consensus estimates and reflecting a negative net margin of 7.60%.

Brookdale Senior Living (NYSE:BKD - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Barclays set a $8.00 price target on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $7.80.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock traded up $0.03 during midday trading on Friday, hitting $7.24. 2,956,213 shares of the company traded hands, compared to its average volume of 2,929,570. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -6.89 and a beta of 0.87. The company has a debt-to-equity ratio of 28.85, a quick ratio of 0.82 and a current ratio of 0.82. The firm's fifty day moving average price is $7.20 and its 200-day moving average price is $6.35. Brookdale Senior Living has a 12 month low of $4.45 and a 12 month high of $8.01.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The company had revenue of $812.94 million for the quarter, compared to the consensus estimate of $817.63 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 93.47%. As a group, sell-side analysts forecast that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BKD. GAMMA Investing LLC raised its holdings in Brookdale Senior Living by 1,999.4% during the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock worth $45,000 after buying an additional 6,838 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Brookdale Senior Living in the 1st quarter worth $47,000. Lazard Asset Management LLC grew its stake in shares of Brookdale Senior Living by 6,029.2% in the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock worth $49,000 after acquiring an additional 9,707 shares in the last quarter. Strs Ohio bought a new stake in shares of Brookdale Senior Living in the 1st quarter worth $61,000. Finally, Crestline Management LP bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth $64,000.

About Brookdale Senior Living

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.