Brookdale Senior Living (NYSE:BKD) Hits New 12-Month High - What's Next?

Key Points

• Brookdale Senior Living shares hit a new 52-week high of $8.29, closing at $8.02 with a trading volume of 1,777,751 shares.
• Wall Street analysts have given Brookdale an average rating of "Hold," with target prices ranging from $8.00 to $9.00.
• The company reported a loss of ($0.18) EPS for its last quarter, missing the consensus estimate, and has a negative net margin of 7.60%.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $8.29 and last traded at $8.02, with a volume of 1777751 shares. The stock had previously closed at $7.62.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BKD. Royal Bank Of Canada restated an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Wall Street Zen upgraded Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Barclays set a $8.00 price objective on Brookdale Senior Living and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $7.80.

Brookdale Senior Living Stock Performance

The firm's 50 day simple moving average is $7.52 and its 200-day simple moving average is $6.74. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -7.57 and a beta of 0.91.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The firm had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. Analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Institutional Trading of Brookdale Senior Living

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Brookdale Senior Living by 1,999.4% during the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after purchasing an additional 6,838 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Brookdale Senior Living in the first quarter worth $47,000. Strs Ohio acquired a new position in shares of Brookdale Senior Living in the first quarter worth $61,000. Lazard Asset Management LLC increased its stake in shares of Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock worth $49,000 after acquiring an additional 9,707 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth $80,000.

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.

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