Brookdale Senior Living (NYSE:BKD) Earns Outperform Rating from Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of Brookdale Senior Living (NYSE:BKD - Free Report) in a report released on Wednesday,Benzinga reports. Royal Bank Of Canada currently has a $9.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Macquarie reissued an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Barclays raised their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.70.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock traded up $0.18 during midday trading on Wednesday, hitting $7.92. 3,355,713 shares of the company's stock were exchanged, compared to its average volume of 2,607,229. Brookdale Senior Living has a 12-month low of $4.45 and a 12-month high of $8.12. 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 stock has a market cap of $1.85 billion, a price-to-earnings ratio of -7.61 and a beta of 0.83. The firm's 50 day simple moving average is $6.80 and its 200 day simple moving average is $5.97.

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

Institutional Trading of Brookdale Senior Living

Hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in Brookdale Senior Living by 647.2% during the second quarter. Assenagon Asset Management S.A. now owns 1,307,068 shares of the company's stock worth $9,097,000 after acquiring an additional 1,132,138 shares during the last quarter. Militia Capital Partners LP raised its position in Brookdale Senior Living by 5.8% during the first quarter. Militia Capital Partners LP now owns 25,600 shares of the company's stock worth $160,000 after acquiring an additional 1,400 shares during the last quarter. Rhumbline Advisers raised its position in Brookdale Senior Living by 2.2% during the first quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock worth $1,757,000 after acquiring an additional 5,949 shares during the last quarter. Anson Funds Management LP raised its position in Brookdale Senior Living by 199.4% during the first quarter. Anson Funds Management LP now owns 538,880 shares of the company's stock worth $3,373,000 after acquiring an additional 358,880 shares during the last quarter. Finally, Strs Ohio acquired a new position in Brookdale Senior Living during the first quarter worth about $61,000.

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.