Brookdale Senior Living (NYSE:BKD) Reaches New 1-Year High at $7.07

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.07 and last traded at $7.03, with a volume of 52060 shares traded. The stock had previously closed at $6.96.

Analyst Ratings Changes

Separately, 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 Tuesday, April 9th.

Brookdale Senior Living Price Performance

The stock has a market cap of $1.31 billion, a P/E ratio of -8.23 and a beta of 1.32. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.80 and a current ratio of 0.80. The business has a 50 day simple moving average of $6.27 and a 200-day simple moving average of $5.56.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.21). The firm had revenue of $754.48 million for the quarter. Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. On average, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKD. Allspring Global Investments Holdings LLC raised its holdings in shares of Brookdale Senior Living by 73.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 847,448 shares of the company's stock valued at $5,602,000 after acquiring an additional 358,035 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Brookdale Senior Living by 4.8% in the 1st quarter. Diversified Trust Co now owns 39,511 shares of the company's stock valued at $261,000 after acquiring an additional 1,811 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of Brookdale Senior Living by 324.9% in the 4th quarter. Quadrature Capital Ltd now owns 141,989 shares of the company's stock valued at $826,000 after acquiring an additional 108,571 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Brookdale Senior Living by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 18,051,166 shares of the company's stock valued at $105,058,000 after acquiring an additional 169,751 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Brookdale Senior Living in the 4th quarter valued at about $28,961,000.

About Brookdale Senior Living

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.