Brookdale Senior Living (NYSE:BKD) Trading 4.4% Higher – Here’s Why

Shares of Brookdale Senior Living Inc. (NYSE:BKD) shot up 4.4% during trading on Friday . The stock traded as high as $12.43 and last traded at $12.41. 1,042,239 shares changed hands during trading, a decline of 76% from the average session volume of 4,350,180 shares. The stock had previously closed at $11.89.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BKD. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Stephens initiated coverage on shares of Brookdale Senior Living in a research report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Brookdale Senior Living Stock Up 4.0%

The company has a market cap of $2.95 billion, a PE ratio of -14.32 and a beta of 0.63. The business has a 50-day simple moving average of $13.47 and a 200-day simple moving average of $13.05.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm 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%. As a group, equities research analysts predict that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares during the period. Strs Ohio acquired a new position in shares of Brookdale Senior Living in the first quarter worth $70,000. FNY Investment Advisers LLC acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth $62,000. Larson Financial Group LLC acquired a new position in shares of Brookdale Senior Living in the third quarter worth $59,000. Finally, KBC Group NV acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth $84,000.

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.