Brookdale Senior Living Receives Outperform Rating from Macquarie

On Wednesday morning, Macquarie reaffirmed its outperform rating for shares of Brookdale Senior Living (NYSE:BKD). According to a report, they set a price target of $8.00 for the stock.

In addition, the Royal Bank of Canada also retained an outperform rating on Brookdale Senior Living shares, likewise indicating a target price of $8.00 in a research note published on February 20th. Analyst ratings for Brookdale are mixed, with two analysts recommending a sell, while three others have issued a buy rating. Presently, data from MarketBeat.com reveals that Brookdale Senior Living holds an average rating of "Hold" and a consensus target price of $7.50.

Brookdale Senior Living Stock Performance

As of Wednesday, shares of Brookdale Senior Living opened at $5.69. The stock has a 50-day simple moving average of $5.14 and a 200-day simple moving average of $5.72. Brookdale currently has a market capitalization of $1.14 billion, with a P/E ratio of -6.39 and a beta of 1.31. The company's debt-to-equity ratio stands at 20.05, while both its quick ratio and current ratio are 0.88. In the past year, Brookdale's stock has seen a low of $4.45 and a high of $8.12.

Recently, Brookdale Senior Living reported its quarterly earnings on February 18th. The results showed a loss of $0.37 earnings per share (EPS), which was lower than the consensus estimate of a loss of $0.16 by $0.21. The company's revenue for that quarter was $780.95 million, slightly missing the consensus forecast of $781.78 million. Furthermore, Brookdale Senior Living recorded a negative return on equity of 65.92% and a negative net margin of 6.46%. Analysts predict that Brookdale will post an EPS of -0.56 for the current fiscal year.

Institutional Involvement with Brookdale Senior Living

Several institutional investors and hedge funds have recently adjusted their holdings of Brookdale Senior Living (BKD). Notably, Flat Footed LLC raised its stake by 84.9% during the fourth quarter, now owning 11,401,757 shares valued at approximately $57.35 million after acquiring an additional 5,235,078 shares. ANTIPODES PARTNERS Ltd also increased its position by 86.5%, owning 7,560,262 shares valued at around $38.03 million after acquiring 3,507,044 more shares. Additionally, Rush Island Management LP raised its stake by 62.3%, now holding 8,303,926 shares worth $41.77 million, while Wellington Management Group LLP increased their investment by 26.7%, owning 9,916,049 shares valued at $49.88 million. Also, Adelante Capital Management LLC purchased a new stake in the company valued at $12.08 million during the third quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc. owns, manages, and operates senior living communities across the United States. The company operates through three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment features communities primarily aimed at middle to upper-income seniors, including both independent and assisted living units.

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