Brookdale Senior Living (NYSE:BKD) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Brookdale Senior Living (NYSE:BKD) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other research firms have also recently issued reports on BKD. Stephens began coverage on shares of Brookdale Senior Living in a research report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price objective on the stock. Barclays upped their price target on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Finally, Citigroup upgraded Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Brookdale Senior Living Stock Up 2.4%

NYSE:BKD opened at $13.43 on Tuesday. Brookdale Senior Living has a twelve month low of $5.96 and a twelve month high of $17.09. The company has a fifty day moving average of $14.44 and a 200-day moving average of $12.17. The firm has a market capitalization of $3.19 billion, a P/E ratio of -12.10 and a beta of 0.73.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $754.09 million for the quarter, compared to the consensus estimate of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. On average, analysts anticipate that Brookdale Senior Living will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Brookdale Senior Living during the fourth quarter worth about $62,000. Larson Financial Group LLC bought a new stake in Brookdale Senior Living in the 3rd quarter worth about $59,000. KBC Group NV purchased a new stake in Brookdale Senior Living in the 4th quarter valued at about $84,000. Finally, Covestor Ltd lifted its position in shares of Brookdale Senior Living by 55.8% during the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after buying an additional 3,428 shares in the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.