Brookdale Senior Living (NYSE:BKD) Research Coverage Started at Macquarie

Macquarie assumed coverage on shares of Brookdale Senior Living (NYSE:BKD) in a research note released on Friday, Marketbeat Ratings reports. The firm issued an outperform rating and a $7.50 target price on the stock.

A number of other brokerages also recently commented on BKD. StockNews.com downgraded shares of Brookdale Senior Living from a hold rating to a sell rating in a research note on Friday, June 7th. Royal Bank of Canada reissued an outperform rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living currently has an average rating of Hold and a consensus target price of $7.50.

Brookdale Senior Living Stock Up 3.2 %

Shares of NYSE BKD opened at $6.83 on Friday. The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -8.87 and a beta of 1.34. The stock has a 50 day moving average price of $6.81 and a 200 day moving average price of $6.26. Brookdale Senior Living has a 52-week low of $3.43 and a 52-week high of $7.62.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $782.83 million during the quarter. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. Sell-side analysts expect that Brookdale Senior Living will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Large investors have recently made changes to their positions in the business. Pingora Partners LLC acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth $1,057,000. Iron Triangle Partners LP increased its position in shares of Brookdale Senior Living by 14.7% in the 4th quarter. Iron Triangle Partners LP now owns 4,859,607 shares of the company’s stock valued at $28,283,000 after acquiring an additional 623,479 shares during the period. Berylson Capital Partners LLC acquired a new position in shares of Brookdale Senior Living in the 4th quarter valued at $1,397,000. Graham Capital Management L.P. acquired a new position in shares of Brookdale Senior Living in the 3rd quarter valued at $300,000. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of Brookdale Senior Living by 543.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 280,030 shares of the company’s stock valued at $1,630,000 after acquiring an additional 236,514 shares during the period.

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.