Macquarie Reiterates “Outperform” Rating for Brookdale Senior Living (NYSE:BKD)

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating reaffirmed by equities researchers at Macquarie in a research note issued on Friday,Benzinga reports. They presently have a $8.00 price objective on the stock. Macquarie’s target price would indicate a potential upside of 55.04% from the company’s current price.

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

Brookdale Senior Living Price Performance

Shares of NYSE BKD traded up $0.16 during trading on Friday, hitting $5.16. The company had a trading volume of 370,692 shares, compared to its average volume of 2,010,453. Brookdale Senior Living has a 52 week low of $4.89 and a 52 week high of $8.12. The business’s 50-day moving average is $5.75 and its 200 day moving average is $6.53. The company has a market cap of $1.03 billion, a P/E ratio of -5.61 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same period in the prior year, the company earned ($0.22) earnings per share. Equities research analysts predict that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the transaction, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in shares of 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 acquiring an additional 2,697 shares during the period. Principal Financial Group Inc. grew its position in 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 2nd quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Brookdale Senior Living in the 2nd quarter valued at approximately $26,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Brookdale Senior Living by 13.8% during the third quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock worth $292,000 after purchasing an additional 5,208 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.