Brookdale Senior Living (NYSE:BKD) Sets New 52-Week High at $7.62

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $7.62 and last traded at $7.52, with a volume of 987484 shares. The stock had previously closed at $7.49.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated 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 $1.38 billion, a PE ratio of -8.64 and a beta of 1.32. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 9.40. The business has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $5.67.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its stake in Brookdale Senior Living by 706.2% in the 3rd quarter. SG Americas Securities LLC now owns 82,203 shares of the company's stock worth $340,000 after acquiring an additional 72,007 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Brookdale Senior Living by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 694,535 shares of the company's stock valued at $2,875,000 after purchasing an additional 17,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Brookdale Senior Living by 5.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,420 shares of the company's stock valued at $494,000 after acquiring an additional 5,851 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Brookdale Senior Living by 812.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,244 shares of the company's stock valued at $51,000 after buying an additional 10,902 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Brookdale Senior Living by 5.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 958,975 shares of the company's stock worth $3,970,000 after acquiring an additional 51,497 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.