Weiss Ratings Reiterates "Sell (D-)" Rating for Brookdale Senior Living (NYSE:BKD)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Brookdale Senior Living, indicating ongoing concerns about the company's financial performance.
• Despite the "sell" rating from Weiss, Brookdale has received mixed reviews from analysts, with a consensus rating of "Hold" and an average price target of $8.25.
• Brookdale Senior Living reported a quarterly loss, missing earnings estimates with an EPS of ($0.18), and had a revenue of $812.94 million, below analyst expectations of $817.63 million.

Brookdale Senior Living (NYSE:BKD - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

BKD has been the topic of a number of other research reports. Wall Street Zen raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays set a $8.00 price objective on Brookdale Senior Living and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $8.25.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD traded up $0.04 during midday trading on Wednesday, reaching $8.13. 2,235,652 shares of the company were exchanged, compared to its average volume of 2,920,944. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. Brookdale Senior Living has a 1 year low of $4.45 and a 1 year high of $8.66. The stock has a fifty day simple moving average of $7.74 and a 200 day simple moving average of $7.04. The stock has a market cap of $1.91 billion, a P/E ratio of -7.74 and a beta of 0.90.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings 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 acquiring an additional 6,838 shares during the last quarter. Rhumbline Advisers raised its holdings in Brookdale Senior Living by 2.2% in the 1st quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock valued at $1,757,000 after acquiring an additional 5,949 shares during the last quarter. SG Americas Securities LLC raised its holdings in Brookdale Senior Living by 180.4% in the 1st quarter. SG Americas Securities LLC now owns 167,382 shares of the company's stock valued at $1,048,000 after acquiring an additional 107,679 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Brookdale Senior Living by 124.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company's stock valued at $4,718,000 after acquiring an additional 428,802 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Brookdale Senior Living in the 1st quarter valued at $173,000.

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.

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