Brookdale Senior Living’s (BKD) Outperform Rating Reaffirmed at Macquarie

Macquarie restated their outperform rating on shares of Brookdale Senior Living (NYSE:BKD) in a report issued on Friday,Benzinga reports. Macquarie currently has a $8.00 price objective on the stock.

BKD has been the subject of a number of other reports. Jefferies Financial Group began coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price for the company. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Trading Up 2.6 %

NYSE:BKD opened at $5.13 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living has a 1-year low of $4.89 and a 1-year high of $8.12. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -5.58 and a beta of 1.29. The business’s 50-day moving average price is $5.73 and its two-hundred day moving average price is $6.52.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The firm had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same quarter last year, the business posted ($0.22) earnings per share. On average, equities analysts expect that Brookdale Senior Living will post -0.7 earnings per share for the current year.

Insider Activity

In other news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the sale, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its position in Brookdale Senior Living by 9.2% during the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after buying an additional 2,697 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Brookdale Senior Living by 15.8% in the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after acquiring an additional 3,390 shares during the last quarter. nVerses Capital LLC bought a new stake in Brookdale Senior Living during the second quarter worth about $25,000. Headlands Technologies LLC bought a new stake in Brookdale Senior Living during the second quarter worth about $26,000. Finally, SG Americas Securities LLC boosted its position in Brookdale Senior Living by 13.8% during the third quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock valued at $292,000 after purchasing an additional 5,208 shares during the last quarter.

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.