Zacks Investment Research lowered shares of Brookdale Senior Living (NYSE:BKD) from a strong-buy rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities. “

Separately, Stifel Nicolaus set a $80.00 target price on CSX and gave the company a hold rating in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Brookdale Senior Living presently has an average rating of Hold and an average price target of $9.00.

Shares of NYSE:BKD opened at $8.03 on Tuesday. The company’s 50-day simple moving average is $6.83. Brookdale Senior Living has a 1 year low of $5.97 and a 1 year high of $10.10. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -4.04 and a beta of 1.56. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 5.92.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.10. Brookdale Senior Living had a negative return on equity of 18.06% and a negative net margin of 2.59%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted ($2.45) EPS. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, equities analysts predict that Brookdale Senior Living will post -1.05 earnings per share for the current fiscal year.

In other news, Director Frank M. Bumstead purchased 10,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were acquired at an average price of $6.12 per share, for a total transaction of $61,200.00. Following the purchase, the director now owns 201,019 shares in the company, valued at $1,230,236.28. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Brookdale Senior Living by 8.1% in the 4th quarter. BlackRock Inc. now owns 15,135,913 shares of the company’s stock valued at $101,410,000 after acquiring an additional 1,131,261 shares during the period. Bank of New York Mellon Corp raised its stake in Brookdale Senior Living by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 941,370 shares of the company’s stock valued at $6,307,000 after acquiring an additional 22,945 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Brookdale Senior Living in the 4th quarter valued at about $73,000. Blueshift Asset Management LLC bought a new stake in Brookdale Senior Living in the 4th quarter valued at about $69,000. Finally, Hsbc Holdings PLC raised its stake in Brookdale Senior Living by 205.2% in the 4th quarter. Hsbc Holdings PLC now owns 819,613 shares of the company’s stock valued at $5,492,000 after acquiring an additional 551,048 shares during the period. Institutional investors and hedge funds own 92.33% of the company’s stock.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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