Royal Bank of Canada Raises Brookdale Senior Living (NYSE:BKD) Price Target to $9.00

Brookdale Senior Living (NYSE:BKD) had its price target upped by Royal Bank of Canada from $8.00 to $9.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th. Macquarie restated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.70.

Brookdale Senior Living Trading Up 3.5 %

NYSE BKD opened at $6.89 on Thursday. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -7.74 and a beta of 0.83. The firm has a 50 day simple moving average of $6.09 and a 200-day simple moving average of $5.58. Brookdale Senior Living has a one year low of $4.45 and a one year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. Equities research analysts anticipate that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new position in Brookdale Senior Living during the 4th quarter worth $33,000. GAMMA Investing LLC increased its position in Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock valued at $45,000 after acquiring an additional 6,838 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Brookdale Senior Living during the 1st quarter valued at approximately $47,000. Lazard Asset Management LLC lifted its position in Brookdale Senior Living by 6,029.2% during the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock worth $49,000 after acquiring an additional 9,707 shares during the period. Finally, Crestline Management LP purchased a new position in shares of Brookdale Senior Living in the 4th quarter valued at approximately $64,000.

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.