Brookdale Senior Living (NYSE:BKD) Hits New 52-Week High - Still a Buy?

Key Points

• Brookdale Senior Living has reached a new 52-week high of $9.09, reflecting increased trading activity with a volume of 806,529 shares.
• Despite the stock's recent performance, Weiss Ratings maintains a "sell" rating while other brokers have upgraded it to "hold" or gave it an "outperform" rating with a price target of $9.00.
• The company reported a negative earnings per share of ($0.18), missing analysts' estimates and indicating challenges with a negative return on equity of 107.19% and negative net margin of 7.60%.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $9.09 and last traded at $8.72, with a volume of 806529 shares trading hands. The stock had previously closed at $8.12.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BKD. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Wednesday. Wall Street Zen upgraded shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada restated an "outperform" rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Finally, Barclays set a $8.00 target price on shares of Brookdale Senior Living and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Brookdale Senior Living currently has a consensus rating of "Hold" and an average price target of $8.25.

Brookdale Senior Living Price Performance

The company has a fifty day simple moving average of $7.75 and a two-hundred day simple moving average of $7.05. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. The stock has a market capitalization of $2.08 billion, a P/E ratio of -8.46 and a beta of 0.90.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in Brookdale Senior Living by 124.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company's stock valued at $4,718,000 after purchasing an additional 428,802 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Brookdale Senior Living by 180.4% during the first quarter. SG Americas Securities LLC now owns 167,382 shares of the company's stock worth $1,048,000 after purchasing an additional 107,679 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Brookdale Senior Living by 647.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,307,068 shares of the company's stock valued at $9,097,000 after purchasing an additional 1,132,138 shares in the last quarter. Rhumbline Advisers raised its holdings in Brookdale Senior Living by 2.2% during the 1st quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock worth $1,757,000 after buying an additional 5,949 shares during the period. Finally, Anson Funds Management LP lifted its position in Brookdale Senior Living by 199.4% in the 1st quarter. Anson Funds Management LP now owns 538,880 shares of the company's stock valued at $3,373,000 after acquiring an additional 358,880 shares in the last quarter.

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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