Brookdale Senior Living (NYSE:BKD) Hits New 52-Week High – Time to Buy?

Brookdale Senior Living Inc. (NYSE:BKD) hit a new 52-week high on Tuesday . The company traded as high as $16.37 and last traded at $15.6350, with a volume of 9099287 shares traded. The stock had previously closed at $15.00.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKD. Citigroup raised Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada increased their target price on Brookdale Senior Living from $13.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Wall Street Zen raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Finally, Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.25.

Brookdale Senior Living Trading Up 4.2%

The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a fifty day moving average price of $11.42 and a 200 day moving average price of $9.43. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -11.94 and a beta of 0.69.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%.The business had revenue of $813.17 million for the quarter, compared to the consensus estimate of $825.59 million. As a group, equities analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BKD. Maple Rock Capital Partners Inc. bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $45,804,000. Assenagon Asset Management S.A. increased its stake in shares of Brookdale Senior Living by 192.4% during the third quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock worth $32,372,000 after purchasing an additional 2,514,884 shares during the period. Mason Capital Management LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter worth approximately $20,971,000. Wellington Management Group LLP boosted its stake in Brookdale Senior Living by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after purchasing an additional 2,282,151 shares during the period. Finally, Millennium Management LLC boosted its stake in Brookdale Senior Living by 124.0% in the 3rd quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock valued at $20,986,000 after purchasing an additional 1,371,606 shares during the period.

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.