Brookdale Senior Living's (BKD) Outperform Rating Reaffirmed at Royal Bank of Canada

Brookdale Senior Living (NYSE:BKD - Get Free Report)'s stock had its "outperform" rating reiterated by Royal Bank of Canada in a note issued to investors on Tuesday, Benzinga reports. They currently have a $9.00 price target on the stock. Royal Bank of Canada's price target suggests a potential upside of 31.39% from the company's current price.

Several other brokerages also recently issued reports on BKD. Bank of America upgraded shares of Brookdale Senior Living from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $3.95 to $6.00 in a research note on Friday, December 15th. TheStreet upgraded shares of Brookdale Senior Living from a "d+" rating to a "c-" rating in a research note on Friday, December 29th.

Brookdale Senior Living Stock Down 1.0 %

NYSE:BKD traded down $0.07 during mid-day trading on Tuesday, hitting $6.85. 2,876,877 shares of the company's stock were exchanged, compared to its average volume of 1,881,861. Brookdale Senior Living has a one year low of $2.85 and a one year high of $7.05. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day moving average price of $6.01 and a 200 day moving average price of $5.30. The company has a market cap of $1.30 billion, a PE ratio of -8.32 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.21). Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. The business had revenue of $754.48 million for the quarter. Equities analysts predict that Brookdale Senior Living will post -0.66 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at approximately $31,000. ExodusPoint Capital Management LP purchased a new position in shares of Brookdale Senior Living during the first quarter valued at approximately $33,000. Point72 Hong Kong Ltd purchased a new position in shares of Brookdale Senior Living during the first quarter valued at approximately $35,000. Comerica Bank purchased a new position in shares of Brookdale Senior Living during the third quarter valued at approximately $35,000. Finally, Metropolitan Life Insurance Co NY raised its holdings in shares of Brookdale Senior Living by 39.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 13,647 shares of the company's stock valued at $37,000 after purchasing an additional 3,849 shares during the last quarter.

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.