Brookdale Senior Living (NYSE:BKD) Sets New 12-Month High at $7.64

Shares of Brookdale Senior Living Inc. (NYSE:BKD) hit a new 52-week high on Monday . The company traded as high as $7.64 and last traded at $7.63, with a volume of 497899 shares trading hands. The stock had previously closed at $7.38.

Wall Street Analysts Forecast Growth

BKD has been the subject of several recent analyst reports. Macquarie initiated coverage on Brookdale Senior Living in a report on Friday, June 28th. They issued an “outperform” rating and a $7.50 price target for the company. StockNews.com downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living currently has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Trading Up 2.4 %

The company has a 50 day moving average price of $6.87 and a 200 day moving average price of $6.37. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 10.23.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. The firm had revenue of $782.83 million for the quarter. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. Equities analysts forecast that Brookdale Senior Living Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pingora Partners LLC acquired a new stake in Brookdale Senior Living during the 4th quarter worth approximately $1,057,000. Vanguard Group Inc. lifted its holdings in shares of Brookdale Senior Living by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 18,051,166 shares of the company’s stock valued at $105,058,000 after buying an additional 169,751 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Brookdale Senior Living by 70.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company’s stock valued at $14,504,000 after buying an additional 907,157 shares during the period. Iron Triangle Partners LP lifted its holdings in shares of Brookdale Senior Living by 14.7% in the 4th quarter. Iron Triangle Partners LP now owns 4,859,607 shares of the company’s stock valued at $28,283,000 after buying an additional 623,479 shares during the period. Finally, Berylson Capital Partners LLC acquired a new stake in shares of Brookdale Senior Living in the 4th quarter valued at approximately $1,397,000.

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.