Brookdale Senior Living (NYSE:BKD) Upgraded by Wall Street Zen to "Hold" Rating

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 equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

BKD has been the subject of several other research reports. Barclays set a $8.00 target price on shares of Brookdale Senior Living and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.80.

Brookdale Senior Living Price Performance

Shares of NYSE BKD traded up $0.20 during trading on Friday, reaching $7.43. The company had a trading volume of 567,412 shares, compared to its average volume of 2,907,393. Brookdale Senior Living has a 52 week low of $4.45 and a 52 week high of $8.01. The stock has a market cap of $1.74 billion, a PE ratio of -7.09 and a beta of 0.87. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.82 and a current ratio of 0.83. The business's 50 day moving average price is $7.23 and its 200-day moving average price is $6.37.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The business had revenue of $812.94 million for the quarter, compared to the consensus estimate of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. Analysts expect that Brookdale Senior Living will post -0.56 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

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