Brookdale Senior Living (NYSE:BKD) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Brookdale Senior Living Inc. (NYSE:BKD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.89 and traded as high as $13.56. Brookdale Senior Living shares last traded at $13.2950, with a volume of 2,161,337 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays increased their target price on shares of Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings raised shares of Brookdale Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Stephens assumed coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Brookdale Senior Living currently has an average rating of “Moderate Buy” and an average price target of $16.50.

Brookdale Senior Living Stock Performance

The stock has a market capitalization of $3.17 billion, a PE ratio of -15.46 and a beta of 0.68. The stock’s 50 day moving average is $13.70 and its two-hundred day moving average is $12.89.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $764.86 million during the quarter, compared to analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. Equities research analysts expect that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after buying an additional 2,675 shares in the last quarter. Larson Financial Group LLC purchased a new position in Brookdale Senior Living in the 3rd quarter worth approximately $59,000. Strs Ohio purchased a new position in Brookdale Senior Living in the 1st quarter worth approximately $61,000. FNY Investment Advisers LLC purchased a new position in Brookdale Senior Living in the 4th quarter worth approximately $62,000. Finally, Covestor Ltd lifted its stake in Brookdale Senior Living by 55.8% in the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after purchasing an additional 3,428 shares in the last quarter.

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.