Jefferies Financial Group Initiates Coverage on Brookdale Senior Living (NYSE:BKD)

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

Several other research analysts also recently commented on BKD. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Macquarie reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Stock Down 0.5 %

Shares of NYSE BKD opened at $6.58 on Wednesday. The company has a market cap of $1.27 billion, a P/E ratio of -8.55 and a beta of 1.31. The firm has a 50-day simple moving average of $6.68 and a two-hundred day simple moving average of $6.88. Brookdale Senior Living has a 1 year low of $3.66 and a 1 year high of $8.12. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79.

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

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors have recently bought and sold shares of BKD. Wellington Management Group LLP bought a new stake in Brookdale Senior Living during the 4th quarter valued at $28,961,000. Assenagon Asset Management S.A. bought a new stake in Brookdale Senior Living during the second quarter valued at about $9,603,000. Hennessy Advisors Inc. purchased a new position in Brookdale Senior Living in the second quarter valued at about $8,513,000. American Century Companies Inc. raised its holdings in Brookdale Senior Living by 63.6% in the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after purchasing an additional 1,228,473 shares in the last quarter. Finally, Iron Triangle Partners LP lifted its position in shares of Brookdale Senior Living by 21.4% during the first quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock valued at $38,986,000 after buying an additional 1,038,353 shares during the last quarter.

Brookdale Senior Living Company Profile

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.