Brookdale Senior Living (NYSE:BKD) Downgraded to “Underperform” at Bank of America

Bank of America lowered shares of Brookdale Senior Living (NYSE:BKD) from a neutral rating to an underperform rating in a report released on Monday, MarketBeat.com reports. Bank of America currently has $6.00 price target on the stock, down from their previous price target of $7.75.

Several other equities research analysts have also commented on BKD. Royal Bank of Canada restated an outperform rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Monday, August 12th. Macquarie restated an outperform rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $7.67.

Brookdale Senior Living Trading Up 1.4 %

Shares of BKD opened at $5.82 on Monday. Brookdale Senior Living has a 1-year low of $3.66 and a 1-year high of $8.12. The company has a 50-day moving average of $6.78 and a 200 day moving average of $6.89. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -7.56 and a beta of 1.31. 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 announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share 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 company had revenue of $777.54 million for the quarter. During the same period last year, the firm earned ($0.15) EPS. On average, research analysts expect that Brookdale Senior Living will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Brookdale Senior Living during the 2nd quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $26,000. Innealta Capital LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $52,000. Sei Investments Co. purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $81,000. Finally, Lazard Asset Management LLC boosted its holdings in Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after buying 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.