Brookdale Senior Living (NYSE:BKD) Reaches New 12-Month High – Here’s What Happened

Brookdale Senior Living Inc. (NYSE:BKD) shares hit a new 52-week high on Thursday . The company traded as high as $12.60 and last traded at $12.5690, with a volume of 6191768 shares traded. The stock had previously closed at $12.10.

Analysts Set New Price Targets

A number of brokerages have commented on BKD. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Barclays increased their price objective on Brookdale Senior Living to $15.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank Of Canada boosted their target price on shares of Brookdale Senior Living from $9.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. Finally, Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

Brookdale Senior Living Trading Up 1.5%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 39.87. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -9.87 and a beta of 0.67. The business has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $9.14.

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

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of Brookdale Senior Living during the 4th quarter worth $62,000. Larson Financial Group LLC acquired a new stake in Brookdale Senior Living during the third quarter worth about $59,000. Covestor Ltd increased its stake in Brookdale Senior Living by 55.8% during the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after acquiring an additional 3,428 shares during the last quarter. Strs Ohio purchased a new position in shares of Brookdale Senior Living in the 1st quarter worth about $61,000. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Brookdale Senior Living in the 3rd quarter valued at about $85,000.

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.