Brookdale Senior Living (NYSE:BKD) Shares Up 8.3% - Still a Buy?

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) traded up 8.3% during mid-day trading on Tuesday . The company traded as high as $7.19 and last traded at $7.12. 899,191 shares traded hands 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

Several analysts have recently weighed in on BKD shares. Macquarie reiterated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Barclays lifted their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. Finally, Royal Bank of Canada lifted their price target on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $7.70.

Brookdale Senior Living Stock Performance

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The firm has a 50-day moving average price of $6.39 and a 200 day moving average price of $5.72. The firm has a market capitalization of $1.65 billion, a PE ratio of -7.89 and a beta of 0.81.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. Research analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in Brookdale Senior Living by 1,999.4% in 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 in the last quarter. PNC Financial Services Group Inc. acquired a new position in Brookdale Senior Living during the 1st quarter valued at about $47,000. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 6,029.2% in the 4th 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 period. Strs Ohio acquired a new position in Brookdale Senior Living during the first quarter worth about $61,000. Finally, Crestline Management LP bought a new stake in shares of Brookdale Senior Living during the 4th quarter worth $64,000.

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.