Brookdale Senior Living (NYSE:BKD) Research Coverage Started at Macquarie

Macquarie assumed coverage on shares of Brookdale Senior Living (NYSE:BKD) in a research note published on Friday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $7.50 target price on the stock.

Other equities analysts have also issued research reports about the company. StockNews.com lowered Brookdale Senior Living from a hold rating to a sell rating in a research note on Friday, June 7th. Royal Bank of Canada restated an outperform rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $7.50.

Brookdale Senior Living Price Performance

NYSE:BKD opened at $7.14 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 10.23. The stock’s 50 day moving average price is $6.82 and its two-hundred day moving average price is $6.27. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -9.27 and a beta of 1.31. Brookdale Senior Living has a 12-month low of $3.43 and a 12-month high of $7.62.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, May 7th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The company had revenue of $782.83 million for the quarter. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. On average, analysts anticipate that Brookdale Senior Living will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Brookdale Senior Living by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock valued at $120,774,000 after purchasing an additional 220,199 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Brookdale Senior Living by 8.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,310,786 shares of the company’s stock valued at $54,191,000 after purchasing an additional 742,822 shares during the period. Iron Triangle Partners LP lifted its stake in shares of Brookdale Senior Living by 21.4% in the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock valued at $38,986,000 after purchasing an additional 1,038,353 shares during the period. Wellington Management Group LLP acquired a new position in Brookdale Senior Living during the 4th quarter worth approximately $28,961,000. Finally, Waterfront Capital Partners LLC raised its stake in Brookdale Senior Living by 36.5% during the 4th quarter. Waterfront Capital Partners LLC now owns 2,765,004 shares of the company’s stock worth $16,092,000 after buying an additional 740,004 shares during the period.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). 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 seniors.