Brookdale Senior Living (NYSE:BKD) Trading Up 6.5% – Still a Buy?

Brookdale Senior Living Inc. (NYSE:BKD)’s share price traded up 6.5% during trading on Thursday . The company traded as high as $15.15 and last traded at $15.2450. 1,414,163 shares changed hands during trading, a decline of 69% from the average daily volume of 4,530,843 shares. The stock had previously closed at $14.32.

Analyst Ratings Changes

BKD has been the topic of a number of research analyst reports. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Compass Point began coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Stephens started coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.60.

Brookdale Senior Living Trading Up 5.3%

The stock’s fifty day moving average price is $13.78 and its 200-day moving average price is $13.79. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -17.51 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $764.86 million during the quarter, compared to analyst estimates 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%. Analysts predict that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position in shares of Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Brookdale Senior Living during the 3rd quarter worth approximately $59,000. Strs Ohio acquired a new stake in Brookdale Senior Living in the 1st quarter valued at approximately $61,000. FNY Investment Advisers LLC acquired a new stake in Brookdale Senior Living in the 4th quarter valued at approximately $62,000. Finally, KBC Group NV purchased a new stake in Brookdale Senior Living in the fourth quarter valued at approximately $84,000.

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.