Brookdale Senior Living (BKD) Raised to Hold at ValuEngine

Brookdale Senior Living (NYSE:BKD) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

BKD has been the topic of several other reports. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. JMP Securities upped their price objective on Brookdale Senior Living from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Finally, Stifel Nicolaus reduced their price objective on Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.25.

Shares of NYSE:BKD opened at $8.88 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.93. Brookdale Senior Living has a 52-week low of $6.28 and a 52-week high of $11.09. The firm has a market capitalization of $1.55 billion, a PE ratio of -11.38 and a beta of 1.67.



Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, August 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.66). Brookdale Senior Living had a negative net margin of 21.80% and a negative return on equity of 13.56%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company earned ($0.25) earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Brookdale Senior Living will post -1.03 EPS for the current fiscal year.

In other Brookdale Senior Living news, Director Marcus E. Bromley bought 6,400 shares of Brookdale Senior Living stock in a transaction that occurred on Tuesday, August 14th. The shares were purchased at an average cost of $7.85 per share, for a total transaction of $50,240.00. Following the completion of the transaction, the director now owns 54,619 shares of the company’s stock, valued at approximately $428,759.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trustcore Financial Services LLC lifted its position in Brookdale Senior Living by 3.0% during the second quarter. Trustcore Financial Services LLC now owns 195,141 shares of the company’s stock worth $1,774,000 after buying an additional 5,742 shares during the period. Appleton Partners Inc. MA lifted its position in Brookdale Senior Living by 12.1% during the third quarter. Appleton Partners Inc. MA now owns 62,405 shares of the company’s stock worth $613,000 after buying an additional 6,750 shares during the period. Principal Financial Group Inc. lifted its position in Brookdale Senior Living by 20.1% during the first quarter. Principal Financial Group Inc. now owns 57,350 shares of the company’s stock worth $385,000 after buying an additional 9,598 shares during the period. BNP Paribas Arbitrage SA lifted its position in Brookdale Senior Living by 127.1% during the second quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock worth $165,000 after buying an additional 10,131 shares during the period. Finally, Xact Kapitalforvaltning AB increased its stake in Brookdale Senior Living by 55.2% during the first quarter. Xact Kapitalforvaltning AB now owns 28,943 shares of the company’s stock worth $194,000 after acquiring an additional 10,300 shares during the last quarter.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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