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

Key Points

• Booming stock performance: Brookdale Senior Living's stock reached a new 52-week high of $8.60, with recent trading also reflecting a strong volume of 196,405 shares.
• Analysts show mixed sentiment: Royal Bank of Canada maintains an "outperform" rating with a target price of $9.00, while Barclays set a lower target of $8.00, indicating varying opinions on the stock's potential.
• Financial struggles: In its recent quarterly earnings, Brookdale reported a loss of ($0.18) EPS, missing estimates and reflecting a negative net margin of 7.60%.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.60 and last traded at $8.44, with a volume of 196405 shares traded. The stock had previously closed at $8.47.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BKD shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Barclays set a $8.00 price objective on Brookdale Senior Living and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has an average rating of "Hold" and a consensus target price of $7.80.

Brookdale Senior Living Price Performance

The firm has a market cap of $1.98 billion, a PE ratio of -8.04 and a beta of 0.91. The firm has a fifty day simple moving average of $7.68 and a two-hundred day simple moving average of $6.96. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83.

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

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors and hedge funds have recently modified their holdings of BKD. Maple Rock Capital Partners Inc. purchased a new position in shares of Brookdale Senior Living in the 2nd quarter worth approximately $45,804,000. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Brookdale Senior Living by 81.0% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company's stock worth $85,672,000 after purchasing an additional 6,124,238 shares during the period. Nuveen LLC purchased a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $13,088,000. American Century Companies Inc. boosted its holdings in shares of Brookdale Senior Living by 54.6% in the 2nd quarter. American Century Companies Inc. now owns 3,454,713 shares of the company's stock worth $24,045,000 after purchasing an additional 1,220,068 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Brookdale Senior Living by 647.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,307,068 shares of the company's stock worth $9,097,000 after purchasing an additional 1,132,138 shares during the period.

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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