RBC Capital analyst Frank Morgan maintained a Hold rating on Brookdale (BKD) on November 16 and set a price target of $4.00. The company’s shares closed last Tuesday at $4.14, close to its 52-week low of $1.47.
According to TipRanks.com, Morgan is a 5-star analyst with an average return of 15.5% and a 67.7% success rate. Morgan covers the Healthcare sector, focusing on stocks such as Fresenius Medical Care, Acadia Healthcare, and Tenet Healthcare.
The word on The Street in general, suggests a Hold analyst consensus rating for Brookdale with a $4.00 average price target.
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Based on Brookdale’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $797 million and GAAP net loss of $125 million. In comparison, last year the company earned revenue of $1.01 billion and had a GAAP net loss of $78.46 million.
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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.
