Trading Report: The RBC Capital Markets Downgrade Brookdale Senior Living Inc. (BKD) to Outperform

The RBC Capital Markets Downgrade Brookdale Senior Living Inc. (BKD) to Outperform

Brookdale Senior Living Inc. (NYSE:BKD) was downgraded by investment analysts at RBC Capital Markets from a “top pick” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday. They presently have a $16.00 price target on the stock, down from their prior price target of $25.00. RBC Capital Markets’ price objective suggests a potential upside of 31.26% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Jefferies Group set a $29.00 price objective on Brookdale Senior Living and gave the stock a “buy” rating in a research report on Monday, September 19th. TheStreet upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. Wells Fargo & Co. restated a “buy” rating on shares of Brookdale Senior Living in a research report on Monday, October 10th. Finally, JMP Securities lowered their price objective on Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating on the stock in a research report on Wednesday, August 24th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $18.38.

Brookdale Senior Living (NYSE:BKD) traded up 0.08% during midday trading on Wednesday, hitting $12.19. 796,984 shares of the stock traded hands. The company’s 50 day moving average price is $13.82 and its 200 day moving average price is $16.35. The firm’s market cap is $2.27 billion. Brookdale Senior Living has a 12 month low of $10.65 and a 12 month high of $23.29.

In other news, Director Frank M. Bumstead acquired 15,000 shares of Brookdale Senior Living stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average cost of $12.03 per share, with a total value of $180,450.00. Following the purchase, the director now owns 121,229 shares in the company, valued at $1,458,384.87. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brookfield Asset Management Inc. increased its position in Brookdale Senior Living by 465.5% in the third quarter. Brookfield Asset Management Inc. now owns 8,587,315 shares of the company’s stock valued at $149,849,000 after buying an additional 7,068,865 shares in the last quarter. Quantitative Systematic Strategies LLC increased its position in Brookdale Senior Living by 497.3% in the third quarter. Quantitative Systematic Strategies LLC now owns 69,757 shares of the company’s stock valued at $1,204,000 after buying an additional 58,078 shares in the last quarter. UBS Group AG increased its position in Brookdale Senior Living by 42.1% in the third quarter. UBS Group AG now owns 149,018 shares of the company’s stock valued at $2,601,000 after buying an additional 44,116 shares in the last quarter. Akanthos Capital Management LLC increased its position in Brookdale Senior Living by 16.0% in the third quarter. Akanthos Capital Management LLC now owns 290,042 shares of the company’s stock valued at $5,061,000 after buying an additional 40,042 shares in the last quarter. Finally, SG Capital Management LLC increased its position in Brookdale Senior Living by 47.2% in the third quarter. SG Capital Management LLC now owns 1,578,660 shares of the company’s stock valued at $27,548,000 after buying an additional 506,373 shares in the last quarter.

Brookdale Senior Living Company Profile

Related posts

Leave a Comment