Brookdale Senior Living (NYSE:BKD) Reaches New 1-Year High – Time to Buy?

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $11.66 and last traded at $11.75, with a volume of 417575 shares changing hands. The stock had previously closed at $11.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, October 8th. Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and raised their target price for the stock from $6.75 to $13.00 in a research report on Tuesday, January 6th. Barclays upgraded shares of Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $8.00 to $14.00 in a research report on Monday, November 10th. Finally, Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.00.

Brookdale Senior Living Trading Up 6.4%

The stock’s fifty day simple moving average is $10.74 and its two-hundred day simple moving average is $8.90. The firm has a market cap of $2.85 billion, a PE ratio of -9.11 and a beta of 0.67. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share (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 analysts’ expectations of $825.59 million. Brookdale Senior Living had a negative net margin of 9.52% and a negative return on equity of 173.75%. On average, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its holdings in shares of Brookdale Senior Living by 7.1% during the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock valued at $140,000 after acquiring an additional 1,331 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in Brookdale Senior Living by 7.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 35,100 shares of the company’s stock valued at $244,000 after purchasing an additional 2,300 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Brookdale Senior Living by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 906,218 shares of the company’s stock valued at $7,757,000 after purchasing an additional 2,810 shares in the last quarter. Covestor Ltd raised its holdings in Brookdale Senior Living by 55.8% in the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after buying an additional 3,428 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 41.0% in the second quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock worth $87,000 after buying an additional 3,644 shares in the last quarter.

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.