Brokerages Set Brookdale Senior Living, Inc. (NYSE:BKD) Target Price at $9.25

Shares of Brookdale Senior Living, Inc. (NYSE:BKD) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $9.25.

Several equities analysts have recently weighed in on BKD shares. Stifel Nicolaus set a $8.00 price objective on shares of Brookdale Senior Living and gave the company a “hold” rating in a research report on Wednesday, April 17th. Zacks Investment Research lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.

NYSE BKD opened at $7.58 on Wednesday. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s fifty day moving average price is $7.46. Brookdale Senior Living has a 1 year low of $5.97 and a 1 year high of $10.00. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -3.81 and a beta of 1.60.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.10. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Brookdale Senior Living had a negative net margin of 2.59% and a negative return on equity of 18.06%. The company’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.45) earnings per share. As a group, sell-side analysts expect that Brookdale Senior Living will post -1.06 EPS for the current fiscal year.

In other Brookdale Senior Living news, Director Frank M. Bumstead purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average cost of $6.12 per share, for a total transaction of $61,200.00. Following the completion of the purchase, the director now owns 201,019 shares of the company’s stock, valued at approximately $1,230,236.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. acquired a new position in shares of Brookdale Senior Living in the first quarter valued at about $66,000. Eidelman Virant Capital acquired a new stake in Brookdale Senior Living during the second quarter worth about $72,000. Successful Portfolios LLC acquired a new stake in Brookdale Senior Living during the second quarter worth about $79,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Brookdale Senior Living during the fourth quarter worth about $73,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Brookdale Senior Living during the first quarter worth about $80,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 senior citizens.

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