Jefferies Group LLC Reiterates “Buy” Rating for Brookdale Senior Living Inc. (BKD)

Brookdale Senior Living Inc. (NYSE:BKD)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Friday. They presently have a $16.50 price target on the stock. Jefferies Group LLC’s target price points to a potential upside of 15.71% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. ValuEngine lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.86.

Shares of Brookdale Senior Living (NYSE:BKD) opened at 14.26 on Friday. Brookdale Senior Living has a 1-year low of $10.65 and a 1-year high of $18.62. The stock’s market capitalization is $2.66 billion. The firm has a 50-day moving average of $14.35 and a 200 day moving average of $13.82.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, May 8th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. Brookdale Senior Living had a negative net margin of 9.77% and a positive return on equity of 13.22%. The company’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. Analysts predict that Brookdale Senior Living will post $1.80 EPS for the current year.

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Several institutional investors have recently modified their holdings of BKD. Vanguard Group Inc. raised its position in shares of Brookdale Senior Living by 4.5% in the first quarter. Vanguard Group Inc. now owns 15,387,106 shares of the company’s stock worth $206,649,000 after buying an additional 663,671 shares in the last quarter. Brookfield Asset Management Inc. raised its position in shares of Brookdale Senior Living by 34.5% in the fourth quarter. Brookfield Asset Management Inc. now owns 11,551,213 shares of the company’s stock worth $143,466,000 after buying an additional 2,963,898 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Brookdale Senior Living by 53.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,136,576 shares of the company’s stock worth $95,843,000 after buying an additional 2,475,820 shares in the last quarter. New South Capital Management Inc. raised its position in shares of Brookdale Senior Living by 26.4% in the first quarter. New South Capital Management Inc. now owns 6,205,928 shares of the company’s stock worth $83,345,000 after buying an additional 1,298,098 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Brookdale Senior Living by 125.2% in the first quarter. Wellington Management Group LLP now owns 5,241,746 shares of the company’s stock worth $70,398,000 after buying an additional 2,914,451 shares in the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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