Brookdale Senior Living Inc. (NYSE:BKD) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Brookdale Senior Living has a consensus “Moderate Buy” rating from eight analysts, with five buys, one strong buy, one hold and one sell. The average 12-month price target is $17.40, compared with the stock’s opening price of $12.13.
• Recent analyst actions were mixed: Barclays maintained an overweight rating but lowered its price target to $17, Compass Point initiated coverage with a buy rating and a $22 target, while Weiss Ratings reiterated a sell rating.
• Brookdale reported quarterly EPS of $0.10, beating the consensus estimate of a $0.06 loss, but revenue of $718.6 million fell short of expectations. The company continues to post negative net margins and return on equity.

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.40.

Several analysts have recently issued reports on BKD shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Barclays cut their target price on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 11th. Finally, Compass Point initiated coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They issued a "buy" rating and a $22.00 price objective on the stock.

Brookdale Senior Living Price Performance

BKD stock opened at $12.13 on Friday. Brookdale Senior Living has a one year low of $7.29 and a one year high of $17.09. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -20.91, a price-to-earnings-growth ratio of 5.88 and a beta of 0.58. The company has a fifty day moving average price of $13.49 and a two-hundred day moving average price of $13.75.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. The firm had revenue of $718.58 million during the quarter, compared to the consensus estimate of $735.63 million. Research analysts anticipate that Brookdale Senior Living will post 0.06 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Hedge funds have recently bought and sold shares of the business. WCM Investment Management LLC bought a new position in Brookdale Senior Living during the first quarter valued at about $171,681,000. Wellington Management Group LLP lifted its holdings in shares of Brookdale Senior Living by 24.5% in the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company's stock worth $98,331,000 after buying an additional 2,282,151 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in Brookdale Senior Living by 9.0% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,888,148 shares of the company's stock valued at $143,010,000 after purchasing an additional 731,000 shares during the period. Renaissance Technologies LLC grew its position in Brookdale Senior Living by 20.4% during the first quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company's stock worth $104,838,000 after buying an additional 1,300,100 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Brookdale Senior Living by 3.8% during the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company's stock worth $45,293,000 after purchasing an additional 238,042 shares in the last quarter.

About Brookdale Senior Living

Brookdale Senior Living, Inc is a U.S.-based operator of senior living communities. The company provides housing, hospitality and supportive care for older adults through a range of living options, including independent living, assisted living, memory care and continuing care communities.

Brookdale's services are designed to support residents' daily living, wellness and social needs while offering varying levels of assistance as care requirements change. Its operations also include ancillary healthcare services, such as therapy, home health and hospice care, where available.

Headquartered in Brentwood, Tennessee, Brookdale serves residents across numerous states in the United States.

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