Brookdale Senior Living (NYSE:BKD) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Brookdale Senior Living (NYSE:BKD) in a research report report published on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $8.00 price target on the stock.

BKD has been the subject of a number of other research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Macquarie reissued an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and a consensus price target of $7.75.

Brookdale Senior Living Trading Up 10.0 %

BKD stock opened at $6.68 on Wednesday. The company has a market capitalization of $1.29 billion, a PE ratio of -8.67 and a beta of 1.31. The company has a debt-to-equity ratio of 11.21, a quick ratio of 0.79 and a current ratio of 0.79. Brookdale Senior Living has a one year low of $3.66 and a one year high of $8.12. The company’s 50 day moving average price is $6.71 and its two-hundred day moving average price is $6.89.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. During the same quarter in the previous year, the firm posted ($0.15) EPS. As a group, analysts predict that Brookdale Senior Living will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in shares of Brookdale Senior Living during the second quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in Brookdale Senior Living in the second quarter valued at $26,000. Innealta Capital LLC purchased a new position in Brookdale Senior Living during the 2nd quarter valued at $52,000. Sei Investments Co. bought a new position in Brookdale Senior Living in the 2nd quarter worth $81,000. Finally, Lazard Asset Management LLC raised its holdings in Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after purchasing an additional 2,790 shares in 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.