Brookdale Senior Living (NYSE:BKD) Share Price Passes Above 200-Day Moving Average of $5.41

Shares of Brookdale Senior Living Inc. (NYSE:BKD) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.41 and traded as high as $6.63. Brookdale Senior Living shares last traded at $6.52, with a volume of 1,383,657 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BKD shares. TheStreet raised Brookdale Senior Living from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Tuesday, April 9th.

Brookdale Senior Living Trading Down 0.6 %

The company has a debt-to-equity ratio of 9.40, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a fifty day moving average price of $6.19 and a 200-day moving average price of $5.43. The company has a market capitalization of $1.23 billion, a P/E ratio of -7.73 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.21). Brookdale Senior Living had a negative net margin of 6.27% and a negative return on equity of 44.01%. The firm had revenue of $754.48 million during the quarter. On average, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.66 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Brookdale Senior Living by 73.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 847,448 shares of the company’s stock valued at $5,602,000 after purchasing an additional 358,035 shares during the last quarter. Diversified Trust Co lifted its stake in Brookdale Senior Living by 4.8% in the first quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock valued at $261,000 after purchasing an additional 1,811 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Brookdale Senior Living by 324.9% during the fourth quarter. Quadrature Capital Ltd now owns 141,989 shares of the company’s stock worth $826,000 after acquiring an additional 108,571 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Brookdale Senior Living by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 18,051,166 shares of the company’s stock worth $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 during the fourth quarter worth $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.