Brookdale Senior Living (NYSE:BKD) Shares Up 6.5% – Should You Buy?

Shares of Brookdale Senior Living Inc. (NYSE:BKD) traded up 6.5% on Thursday . The stock traded as high as $15.15 and last traded at $15.2450. Approximately 1,414,163 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 4,530,843 shares. The stock had previously closed at $14.32.

Analysts Set New Price Targets

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

Brookdale Senior Living Trading Down 2.0%

The company has a market capitalization of $3.57 billion, a P/E ratio of -17.41 and a beta of 0.58. The stock’s fifty day moving average is $13.85 and its 200 day moving average is $13.83.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $764.86 million for 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%. On average, analysts expect that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BKD. Handelsbanken Fonder AB purchased a new stake in Brookdale Senior Living during the 2nd quarter valued at $1,067,000. Tactive Advisors LLC bought a new stake in shares of Brookdale Senior Living in the second quarter worth $191,000. Janus Henderson Group PLC grew its holdings in shares of Brookdale Senior Living by 387.4% in the first quarter. Janus Henderson Group PLC now owns 511,502 shares of the company’s stock worth $6,998,000 after acquiring an additional 406,564 shares during the period. Amundi purchased a new stake in Brookdale Senior Living during the first quarter valued at $152,000. Finally, California State Teachers Retirement System lifted its holdings in Brookdale Senior Living by 24.9% in the first quarter. California State Teachers Retirement System now owns 268,379 shares of the company’s stock valued at $3,671,000 after acquiring an additional 53,487 shares during the period.

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.