Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s share price traded up 8.3% during mid-day trading on Tuesday . The stock traded as high as $7.19 and last traded at $7.12. 899,191 shares were traded during trading, a decline of 63% from the average session volume of 2,451,112 shares. The stock had previously closed at $6.57.
Analyst Upgrades and Downgrades
BKD has been the topic of several research reports. Barclays lifted their price target on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Royal Bank of Canada lifted their price target on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Macquarie reissued an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7.70.
Check Out Our Latest Research Report on Brookdale Senior Living
Brookdale Senior Living Stock Down 1.5%
The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The firm has a market cap of $1.60 billion, a P/E ratio of -7.67 and a beta of 0.81. The company's 50 day simple moving average is $6.47 and its 200-day simple moving average is $5.74.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. Research analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.
Institutional Trading of Brookdale Senior Living
A number of institutional investors have recently bought and sold shares of BKD. GAMMA Investing LLC lifted its position in Brookdale Senior Living by 1,999.4% in the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock worth $45,000 after buying an additional 6,838 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Brookdale Senior Living during the first quarter worth $47,000. Lazard Asset Management LLC lifted its position 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 worth $49,000 after purchasing an additional 9,707 shares during the last quarter. Strs Ohio bought a new stake in shares of Brookdale Senior Living during the first quarter worth $61,000. Finally, Crestline Management LP bought a new stake in shares of Brookdale Senior Living during the fourth quarter worth $64,000.
About Brookdale Senior Living
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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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