In a report released on January 16, Ben Hendrix from RBC Capital maintained a Hold rating on Brookdale Senior Living (BKD – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $2.45.
According to TipRanks, Hendrix is an analyst with an average return of -0.9% and a 54.76% success rate. Hendrix covers the Healthcare sector, focusing on stocks such as Acadia Healthcare, Brookdale Senior Living, and Elevance Health.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brookdale Senior Living with a $5.67 average price target, which is a 131.43% upside from current levels. In a report released on January 17, Stifel Nicolaus also downgraded the stock to a Hold with a $4.00 price target.
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BKD market cap is currently $474.5M and has a P/E ratio of -1.61.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BKD in relation to earlier this year.
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Brookdale Senior Living, Inc. engages in the operation of senior living communities. It manages independent living, assisted living, and dementia-care communities, and continuing care retirement centers. It operates through the following segments: Independent Living; Assisted Living & Memory Care, CCRCs, Health Care Services and Management Services. The Independent Living segment is primarily designed for middle to upper income seniors who desire an upscale residential environment providing the highest quality of service. The Assisted Living & Memory Care segment offer housing and 24-hour assistance with ADLs to mid-acuity frail and elderly residents. The CCRCs segment offers a variety of living arrangements and services to accommodate all levels of physical ability and health. The Healthcare Services segment provides home health, hospice and outpatient therapy services, as well as education and wellness programs, to residents of many communities and to seniors living outside communities. The Management Services segment composes of communities operated by the company pursuant to management agreements. The company was founded on June 28, 2005 and is headquartered in Brentwood, TN.
Read More on BKD:
- Brookdale Senior Living downgraded to Hold from Buy at Stifel
- Brookdale expects 2022 revenue, operating income to exceed expectations
- Brookdale Senior Living CFO Steven Swain to depart, Dawn Kussow to succeed
- Brookdale Announces Leadership Changes and Provides Preliminary Views on the Full Year 2022 Financial Expectations
- Brookdale Senior Living reports December weighted average occupancy 73.6%