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

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

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday. Barclays upped their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of "Hold" and a consensus price target of $7.70.

Brookdale Senior Living Stock Performance

NYSE:BKD traded up $0.18 during mid-day trading on Friday, reaching $7.92. 3,355,713 shares of the stock were exchanged, compared to its average volume of 2,607,229. The stock has a market capitalization of $1.85 billion, a P/E ratio of -7.61 and a beta of 0.83. Brookdale Senior Living has a 1 year low of $4.45 and a 1 year high of $8.12. The company has a 50 day simple moving average of $6.80 and a 200-day simple moving average of $5.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 28.85.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Brookdale Senior Living had a negative return on equity of 79.84% and a negative net margin of 7.52%. Analysts anticipate that Brookdale Senior Living will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased 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 valued at $45,000 after buying an additional 6,838 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of Brookdale Senior Living in the first quarter valued at about $47,000. Strs Ohio purchased a new stake in shares of Brookdale Senior Living in the first quarter valued at about $61,000. Lazard Asset Management LLC increased its stake in shares of Brookdale Senior Living by 6,029.2% during the fourth 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 during the period. Finally, Crestline Management LP purchased a new position in Brookdale Senior Living during the fourth quarter worth about $64,000.

Brookdale Senior Living Company Profile

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.