Brookdale Senior Living (NYSE:BKD) Sets New 12-Month High – Should You Buy?

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price reached a new 52-week high on Friday . The company traded as high as $9.55 and last traded at $9.4450, with a volume of 2074388 shares changing hands. The stock had previously closed at $9.11.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Barclays set a $8.00 price objective on shares of Brookdale Senior Living and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Brookdale Senior Living presently has a consensus rating of “Hold” and a consensus price target of $8.33.

Brookdale Senior Living Trading Up 3.1%

The business has a fifty day simple moving average of $8.33 and a 200-day simple moving average of $7.48. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -8.95 and a beta of 0.96. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.32). Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The firm had revenue of $813.17 million during the quarter, compared to analyst estimates of $825.59 million. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors have recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. bought a new stake in Brookdale Senior Living in the second quarter valued at approximately $45,804,000. ANTIPODES PARTNERS Ltd raised its holdings in Brookdale Senior Living by 81.0% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company’s stock worth $85,672,000 after purchasing an additional 6,124,238 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Brookdale Senior Living by 192.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock worth $32,372,000 after purchasing an additional 2,514,884 shares during the period. Nuveen LLC bought a new stake in shares of Brookdale Senior Living in the 1st quarter valued at $13,088,000. Finally, American Century Companies Inc. increased its position in shares of Brookdale Senior Living by 54.6% during the second quarter. American Century Companies Inc. now owns 3,454,713 shares of the company’s stock worth $24,045,000 after buying an additional 1,220,068 shares during the period.

About Brookdale Senior Living

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.