Brookdale Senior Living (NYSE:BKD) Trading Up 8.8% – Time to Buy?

Shares of Brookdale Senior Living Inc. (NYSE:BKD) shot up 8.8% during trading on Monday . The stock traded as high as $6.24 and last traded at $6.26. 626,042 shares were traded during mid-day trading, a decline of 73% from the average session volume of 2,280,142 shares. The stock had previously closed at $5.75.

Analyst Ratings Changes

BKD has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Thursday. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Barclays began coverage on Brookdale Senior Living in a research report on Tuesday, April 1st. They set an “equal weight” rating and a $7.00 target price for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.40.

Brookdale Senior Living Stock Performance

The firm has a market capitalization of $1.24 billion, a PE ratio of -6.94 and a beta of 0.87. The business has a 50-day simple moving average of $5.64 and a 200-day simple moving average of $5.56. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The company had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. Equities research analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of large investors have recently made changes to their positions in BKD. Flat Footed LLC lifted its stake in Brookdale Senior Living by 84.9% in the fourth quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock worth $57,351,000 after purchasing an additional 5,235,078 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Brookdale Senior Living by 26.7% in the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock worth $49,878,000 after buying an additional 2,089,242 shares during the period. Rush Island Management LP lifted its stake in shares of Brookdale Senior Living by 62.3% during the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock worth $41,769,000 after acquiring an additional 3,187,294 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in Brookdale Senior Living by 86.5% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock valued at $38,031,000 after acquiring an additional 3,507,044 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Brookdale Senior Living by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company’s stock valued at $35,916,000 after acquiring an additional 164,239 shares during the last quarter.

Brookdale Senior Living Company Profile

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.