Brookdale Senior Living (NYSE:BKD) Sets New 1-Year High - Time to Buy?

Key Points

• Brookdale Senior Living's stock reached a new 52-week high of $8.44 during trading, with the last traded price at $8.40.
• Analysts have mixed views on the stock, with a target price ranging from $8.00 to $9.00 and an average rating of "Hold."
• The company reported a quarterly EPS of (0.18), lower than the expected (0.14), indicating ongoing financial challenges.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $8.44 and last traded at $8.40, with a volume of 363802 shares changing hands. The stock had previously closed at $8.28.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BKD shares. Royal Bank Of Canada restated an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. 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. Finally, Wall Street Zen upgraded shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7.80.

Brookdale Senior Living Trading Up 0.9%

The firm has a market capitalization of $1.96 billion, a PE ratio of -7.96 and a beta of 0.91. The stock's 50-day moving average price is $7.60 and its 200 day moving average price is $6.86. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued 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). The company had revenue of $812.94 million for the quarter, compared to analysts' expectations of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. On average, sell-side analysts expect 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 hedge funds and other institutional investors have recently modified their holdings of BKD. Ameriprise Financial Inc. bought a new position in shares of Brookdale Senior Living during the fourth quarter valued at approximately $135,000. Lazard Asset Management LLC boosted its stake in shares of Brookdale Senior Living by 6,029.2% during the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after purchasing an additional 9,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Brookdale Senior Living by 2.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,060 shares of the company's stock valued at $674,000 after purchasing an additional 2,821 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Brookdale Senior Living by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 53,906 shares of the company's stock valued at $271,000 after purchasing an additional 17,736 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Brookdale Senior Living by 16.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 573,786 shares of the company's stock valued at $2,886,000 after purchasing an additional 79,264 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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