Brookdale Senior Living (NYSE:BKD) Upgraded by Compass Point to “Strong-Buy” Rating

Brookdale Senior Living (NYSE:BKD) was upgraded by equities researchers at Compass Point to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on BKD. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, Stephens started coverage on Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Brookdale Senior Living Stock Up 1.0%

Shares of NYSE:BKD opened at $13.56 on Monday. The business’s 50 day moving average is $13.34 and its 200 day moving average is $13.15. Brookdale Senior Living has a 12-month low of $6.59 and a 12-month high of $17.09. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of -15.77 and a beta of 0.63.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $764.86 million during the quarter, compared to analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. As a group, equities research analysts expect that Brookdale Senior Living will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living during the 3rd quarter worth approximately $59,000. Strs Ohio bought a new stake in shares of Brookdale Senior Living in the 1st quarter worth approximately $61,000. FNY Investment Advisers LLC bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $62,000. Finally, KBC Group NV purchased a new position in Brookdale Senior Living in the fourth quarter valued at approximately $84,000.

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.