RBC Capital Maintains a Buy on Brookdale Senior Living (BKD) With a $9 PT

Brookdale Senior Living Inc. (NYSE:BKD) is one of the 13 Best Healthcare Stocks to Buy Under $10. In a report released on July 8, Ben Hendrix from RBC Capital maintained a Buy rating on Brookdale Senior Living Inc. (NYSE:BKD) with a price target of $9.00.

In its June report, Brookdale Senior Living Inc. (NYSE:BKD) reported a notable improvement in its occupancy rates for the month, with a weighted average occupancy of 80.5%. This marks a rise of 230 basis points year-over-year and 50 basis points sequentially.

The company also reported that the month-end consolidated occupancy reached 82.2%, suggesting effective sales execution and strong demand. These trends highlight the company’s standing in the senior living industry.

Brookdale Senior Living Inc. (NYSE:BKD) operates senior living communities. The company focuses on assisted living, dementia-care communities, independent living, and continuing care retirement centers. Its operations are divided into the Independent Living, Assisted Living and Memory Care, and CCRCs segments.

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Disclosure: None. This article is originally published at Insider Monkey.