Royal Bank Of Canada Forecasts Strong Price Appreciation for Brookdale Senior Living (NYSE:BKD) Stock

Brookdale Senior Living (NYSE:BKD) had its price objective hoisted by research analysts at Royal Bank Of Canada from $13.00 to $17.00 in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 13.37% from the stock’s current price.

A number of other equities research analysts have also weighed in on BKD. Citigroup upgraded Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and raised their price target for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Finally, Barclays upped their target price on Brookdale Senior Living to $15.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Brookdale Senior Living Price Performance

NYSE BKD opened at $15.00 on Thursday. The firm’s fifty day simple moving average is $11.33 and its two-hundred day simple moving average is $9.35. The firm has a market capitalization of $3.56 billion, a P/E ratio of -11.45 and a beta of 0.67. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 39.87. Brookdale Senior Living has a 12-month low of $4.45 and a 12-month high of $15.06.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in Brookdale Senior Living in the fourth quarter valued at $62,000. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living in the third quarter worth about $59,000. KBC Group NV acquired a new stake in Brookdale Senior Living during the fourth quarter worth about $84,000. Covestor Ltd raised its position in Brookdale Senior Living by 55.8% during the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after acquiring an additional 3,428 shares in the last quarter. Finally, Strs Ohio acquired a new position in Brookdale Senior Living in the first quarter valued at approximately $61,000.

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.