Brookdale Senior Living (NYSE:BKD) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Brookdale Senior Living Inc. (NYSE:BKD) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.89 and traded as high as $11.28. Brookdale Senior Living shares last traded at $11.1440, with a volume of 4,667,146 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BKD. Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and upped their price target for the company from $6.75 to $13.00 in a report on Tuesday, January 6th. Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Royal Bank Of Canada boosted their price target on Brookdale Senior Living from $9.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Finally, Barclays upgraded Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $8.00 to $14.00 in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Brookdale Senior Living Stock Performance

The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of -8.51 and a beta of 0.67. The stock’s 50 day moving average price is $10.70 and its 200 day moving average price is $8.89. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $813.17 million during the quarter, compared to the consensus estimate of $825.59 million. Analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Brookdale Senior Living by 3.4% in the first quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after buying an additional 36,604 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Brookdale Senior Living by 34.2% during the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after purchasing an additional 6,507 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Brookdale Senior Living by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after purchasing an additional 4,323 shares during the last quarter. Millennium Management LLC boosted its position in Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock worth $13,591,000 after purchasing an additional 876,222 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Brookdale Senior Living in the first quarter valued at $181,000.

About Brookdale Senior Living

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.