Barclays maintains an 'Equalweight' on Brookdale Senior Living (BKD); Review of Analyst Day

November 21, 2011 2:06 PM EST
Get Alerts BKD Hot Sheet
Price: $16.11 +1.90%

Rating Summary:
    9 Buy, 2 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 5 | New: 17
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Barclays maintains an 'Equalweight' on Brookdale Senior Living (NYSE: BKD) price target of $20.00.

Barclays analyst says, "The message in a nutshell, the company continues to focus on positioning itself for growth despite the pressure that the current economic environment may be having on near term results. Brookdale provided some details of a strategy which entails positioning its existing assets to provide multiple levels of care that the growing senior population is going to demand as both the size of the market and acuity of its tenant's increases over time."

"Key Takeaways: 1) The company is focused on positioning its facilities to provide a full continuum of care; 2) Through the Program Max initiative, BKD expects to reposition its facilities through renovation and expansions; and 3) We believe that Brookdale will have the opportunity to expand its presence in RIDEA structured assets in the near term."

For an analyst ratings summary and ratings history on Brookdale Senior Living click here. For more ratings news on Brookdale Senior Living click here.

Shares of Brookdale Senior Living closed at $14.89 yesterday.

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