Shares of Brookdale Senior Living Inc. (NYSE:BKD – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.50.
A number of research firms have issued reports on BKD. Barclays increased their price target on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Weiss Ratings upgraded Brookdale Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Stephens began coverage on Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price target on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th.
Check Out Our Latest Report on BKD
Brookdale Senior Living Stock Performance
Brookdale Senior Living (NYSE:BKD – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. On average, equities research analysts forecast that Brookdale Senior Living will post -0.1 EPS for the current year.
Hedge Funds Weigh In On Brookdale Senior Living
A number of large investors have recently modified their holdings of BKD. WCM Investment Management LLC bought a new position in shares of Brookdale Senior Living in the 1st quarter worth $171,681,000. Senator Investment Group LP bought a new position in shares of Brookdale Senior Living in the fourth quarter valued at $36,786,000. Mason Capital Management LLC bought a new position in shares of Brookdale Senior Living in the third quarter valued at $20,971,000. Wellington Management Group LLP increased its position in shares of Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after acquiring an additional 2,282,151 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its position in shares of Brookdale Senior Living by 34.9% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock worth $91,683,000 after acquiring an additional 2,199,000 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.
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