Brookdale Senior Living (NYSE:BKD) Hits New 1-Year High – What’s Next?

Shares of Brookdale Senior Living Inc. (NYSE:BKD) reached a new 52-week high on Tuesday . The stock traded as high as $16.37 and last traded at $15.6350, with a volume of 9099287 shares traded. The stock had previously closed at $15.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BKD shares. Royal Bank Of Canada raised their price target on shares of Brookdale Senior Living from $13.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price target for the company from $6.75 to $13.00 in a research note on Tuesday, January 6th. Finally, Citigroup upgraded Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Brookdale Senior Living Stock Performance

The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $3.72 billion, a P/E ratio of -11.94 and a beta of 0.69. The stock’s fifty day moving average price is $11.42 and its two-hundred day moving average price is $9.43.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Brookdale Senior Living had a negative net margin of 9.52% and a negative return on equity of 173.75%. The firm had revenue of $813.17 million for the quarter, compared to analyst estimates of $825.59 million. As a group, equities analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently modified their holdings of BKD. FNY Investment Advisers LLC bought a new position in Brookdale Senior Living in the fourth quarter valued at about $62,000. Larson Financial Group LLC bought a new position in shares of Brookdale Senior Living in the third quarter worth about $59,000. KBC Group NV acquired a new stake in shares of Brookdale Senior Living in the 4th quarter valued at approximately $84,000. Covestor Ltd grew its holdings in shares of 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 purchasing an additional 3,428 shares during the last quarter. Finally, Strs Ohio acquired a new position in Brookdale Senior Living during the 1st quarter worth approximately $61,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.