Brookdale Senior Living (NYSE:BKD) Trading Up 4.4% – Time to Buy?

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price was up 4.4% during trading on Friday . The company traded as high as $12.43 and last traded at $12.41. Approximately 1,042,239 shares were traded during trading, a decline of 76% from the average daily volume of 4,350,180 shares. The stock had previously closed at $11.89.

Wall Street Analyst Weigh In

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

Brookdale Senior Living Price Performance

The stock has a market capitalization of $2.95 billion, a PE ratio of -14.35 and a beta of 0.63. The business’s fifty day moving average price is $13.44 and its two-hundred day moving average price is $13.05.

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

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its holdings 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 acquiring an additional 2,675 shares during the last quarter. Strs Ohio acquired a new position in Brookdale Senior Living in the first quarter valued at approximately $70,000. FNY Investment Advisers LLC acquired a new position in Brookdale Senior Living in the fourth quarter valued at approximately $62,000. Larson Financial Group LLC acquired a new position in Brookdale Senior Living in the third quarter valued at approximately $59,000. Finally, KBC Group NV acquired a new position in Brookdale Senior Living in the fourth quarter valued at approximately $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.