Brookdale Senior Living (NYSE:BKD) Hits New 1-Year High – Here’s Why

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $11.05 and last traded at $10.9550, with a volume of 1886144 shares changing hands. The stock had previously closed at $10.80.

Wall Street Analysts Forecast Growth

BKD has been the topic of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Brookdale Senior Living from $9.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, October 8th. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Barclays upgraded shares of Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $8.00 to $14.00 in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Brookdale Senior Living presently has an average rating of “Moderate Buy” and an average price target of $11.67.

Brookdale Senior Living Price Performance

The firm has a market capitalization of $2.64 billion, a P/E ratio of -10.58 and a beta of 0.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87. The business’s 50-day simple moving average is $9.08 and its 200 day simple moving average is $7.86.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The business had revenue of $813.17 million for the quarter, compared to the consensus estimate of $825.59 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. Sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently bought and sold shares of BKD. Larson Financial Group LLC bought a new stake in Brookdale Senior Living in the third quarter valued at approximately $59,000. PNC Financial Services Group Inc. bought a new stake in Brookdale Senior Living during the 1st quarter valued at $47,000. Covestor Ltd boosted its position in Brookdale Senior Living by 55.8% during the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after buying an additional 3,428 shares during the period. Strs Ohio purchased a new stake in Brookdale Senior Living during the 1st quarter valued at $61,000. Finally, Levin Capital Strategies L.P. bought a new stake in Brookdale Senior Living in the 3rd quarter worth $85,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). 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 seniors.