Stifel Nicolaus Initiates Coverage on Brookdale Senior Living (NYSE:BKD) – MarketBeat

Brookdale Senior Living logoAnalysts at Stifel Nicolaus assumed coverage on shares of Brookdale Senior Living (NYSE:BKD) in a note issued to investors on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other equities analysts also recently issued reports on BKD. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Monday, April 19th. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $5.00 to $12.00 in a research report on Friday, June 11th. TheStreet downgraded Brookdale Senior Living from a “c” rating to a “d+” rating in a research report on Monday, June 7th. Finally, Royal Bank of Canada upped their price target on Brookdale Senior Living from $4.00 to $7.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.83.

Brookdale Senior Living stock traded up $0.16 during mid-day trading on Tuesday, reaching $8.58. 21,640 shares of the company were exchanged, compared to its average volume of 1,761,706. The firm’s fifty day moving average is $7.08. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -3.97 and a beta of 1.85. Brookdale Senior Living has a 12-month low of $2.36 and a 12-month high of $8.95.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Thursday, May 6th. The company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.06). The company had revenue of $749.45 million for the quarter, compared to analysts’ expectations of $764.17 million. Brookdale Senior Living had a negative return on equity of 45.48% and a negative net margin of 12.08%. As a group, equities research analysts predict that Brookdale Senior Living will post -1.67 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new stake in Brookdale Senior Living during the 1st quarter worth about $26,000. Inspire Advisors LLC acquired a new stake in Brookdale Senior Living during the 4th quarter worth about $32,000. BDO Wealth Advisors LLC acquired a new stake in Brookdale Senior Living during the 4th quarter worth about $44,000. Trexquant Investment LP acquired a new stake in Brookdale Senior Living during the 1st quarter worth about $64,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Brookdale Senior Living by 59.4% during the 4th quarter. Teacher Retirement System of Texas now owns 16,004 shares of the company’s stock worth $71,000 after acquiring an additional 5,964 shares in the last quarter. 92.80% of the stock is currently owned by institutional investors.

About Brookdale Senior Living

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, Continuing Care Retirement Communities (CCRCs), Health Care Services, and Management Services. 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.

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