Brookdale Senior Living (NYSE:BKD) Upgraded at Bank of America

Bank of America upgraded shares of Brookdale Senior Living (NYSE:BKD) from an underperform rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat reports. Bank of America currently has $13.00 price target on the stock, up from their previous price target of $6.75.

Several other equities analysts also recently weighed in on BKD. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a research note on Tuesday. Royal Bank Of Canada lifted their target price on shares of Brookdale Senior Living from $9.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Barclays raised shares of Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $8.00 to $14.00 in a report on Monday, November 10th. Finally, Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Brookdale Senior Living Trading Down 0.4%

Shares of BKD stock opened at $11.21 on Tuesday. The company has a 50 day moving average price of $10.55 and a 200 day moving average price of $8.76. The stock has a market capitalization of $2.66 billion, a P/E ratio of -8.56 and a beta of 0.67. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.84 and a current ratio of 0.84. Brookdale Senior Living has a fifty-two week low of $4.45 and a fifty-two week high of $11.64.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%.The business had revenue of $813.17 million for the quarter, compared to analyst estimates of $825.59 million. Equities research analysts predict that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Maple Rock Capital Partners Inc. bought a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $45,804,000. Assenagon Asset Management S.A. lifted its holdings in shares of Brookdale Senior Living by 192.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock worth $32,372,000 after acquiring an additional 2,514,884 shares during the period. Mason Capital Management LLC bought a new position in shares of Brookdale Senior Living during the 3rd quarter worth approximately $20,971,000. Wellington Management Group LLP increased its position in shares of Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after purchasing an additional 2,282,151 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Brookdale Senior Living by 124.0% during the 3rd quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock valued at $20,986,000 after purchasing an additional 1,371,606 shares in the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.