Brookdale Senior Living (NYSE:BKD) Trading 5.8% Higher

Brookdale Senior Living Inc. (NYSE:BKD) rose 5.8% during trading on Monday . The stock traded as high as $7.02 and last traded at $6.97. Approximately 1,248,865 shares changed hands during trading, a decline of 36% from the average daily volume of 1,936,617 shares. The stock had previously closed at $6.59.

Wall Street Analyst Weigh In

BKD has been the topic of several research analyst reports. 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 Monday, August 12th. Macquarie initiated coverage on shares of Brookdale Senior Living in a research report on Friday, June 28th. They set an “outperform” rating and a $7.50 target price on the stock. Finally, StockNews.com lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Price Performance

The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $1.31 billion, a PE ratio of -9.08 and a beta of 1.31. The company has a 50-day moving average price of $7.08 and a 200-day moving average price of $6.90.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same quarter last year, the business posted ($0.15) EPS. Sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new position in Brookdale Senior Living in the second quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $26,000. Innealta Capital LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter worth $52,000. Sei Investments Co. purchased a new stake in Brookdale Senior Living during the 2nd quarter worth $81,000. Finally, Lazard Asset Management LLC boosted its position in Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after purchasing an additional 2,790 shares during the period.

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.