Brookdale Senior Living Inc. (NYSE:BKD – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.40.
A number of research firms have recently weighed in on BKD. Barclays cut their price target on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Compass Point began coverage on Brookdale Senior Living in a research report on Monday, June 15th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th.
Brookdale Senior Living Stock Performance
Brookdale Senior Living (NYSE:BKD – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. The firm had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. As a group, sell-side analysts forecast that Brookdale Senior Living will post 0.06 earnings per share for the current year.
Institutional Investors Weigh In On Brookdale Senior Living
A number of hedge funds and other institutional investors have recently modified their holdings of BKD. Northwestern Mutual Wealth Management Co. bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $43,000. Public Employees Retirement System of Ohio bought a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $53,000. Nykredit A S bought a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $57,000. Persistent Asset Partners Ltd acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter worth approximately $66,000. Finally, Strs Ohio acquired a new stake in shares of Brookdale Senior Living in the 1st quarter worth approximately $70,000.
About Brookdale Senior Living
Brookdale Senior Living, Inc is a U.S.-based operator of senior living communities. The company provides housing, hospitality and supportive care for older adults through a range of living options, including independent living, assisted living, memory care and continuing care communities.
Brookdale’s services are designed to support residents’ daily living, wellness and social needs while offering varying levels of assistance as care requirements change. Its operations also include ancillary healthcare services, such as therapy, home health and hospice care, where available.
Headquartered in Brentwood, Tennessee, Brookdale serves residents across numerous states in the United States.
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