TheStreet Downgrades Brookdale Senior Living (NYSE:BKD) to D+ – MarketBeat

Brookdale Senior Living logoBrookdale Senior Living (NYSE:BKD) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a research report issued to clients and investors on Monday, TheStreetRatingsTable reports.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Monday, April 19th. Royal Bank of Canada increased their target price on shares of Brookdale Senior Living from $4.00 to $7.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 9th.

Brookdale Senior Living stock opened at $6.88 on Monday. The company has a 50 day moving average price of $6.76. Brookdale Senior Living has a 1-year low of $2.36 and a 1-year high of $7.74. 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 stock has a market cap of $1.27 billion, a PE ratio of -3.19 and a beta of 1.85.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Thursday, May 6th. The company reported ($0.59) earnings per share for the quarter, missing the Zacks’ consensus estimate 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%. On average, research analysts forecast that Brookdale Senior Living will post -1.67 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in Brookdale Senior Living by 8.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 34,506 shares of the company’s stock worth $209,000 after acquiring an additional 2,810 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Brookdale Senior Living by 3.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 110,940 shares of the company’s stock worth $491,000 after purchasing an additional 3,569 shares during the last quarter. Teacher Retirement System of Texas grew its position in Brookdale Senior Living by 22.5% during the 1st quarter. Teacher Retirement System of Texas now owns 19,599 shares of the company’s stock worth $119,000 after purchasing an additional 3,595 shares during the last quarter. Alliancebernstein L.P. grew its position in Brookdale Senior Living by 1.5% during the 1st quarter. Alliancebernstein L.P. now owns 246,146 shares of the company’s stock worth $1,489,000 after purchasing an additional 3,596 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Brookdale Senior Living by 7.1% during the 1st quarter. Royal Bank of Canada now owns 56,421 shares of the company’s stock worth $341,000 after purchasing an additional 3,738 shares during the last quarter. Hedge funds and other institutional investors own 92.80% of the company’s stock.

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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