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

Brookdale Senior Living Inc. (NYSE:BKD) shares hit a new 52-week high on Monday . The company traded as high as $7.62 and last traded at $7.52, with a volume of 987484 shares trading hands. 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 target on shares of Brookdale Senior Living in a report on Tuesday, April 9th.

Brookdale Senior Living Trading Down 3.1 %

The stock’s fifty day simple moving average is $6.40 and its two-hundred day simple moving average is $5.67. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 9.40.

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

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the business. Graham Capital Management L.P. acquired a new position in shares of Brookdale Senior Living during the 3rd quarter valued at $300,000. Swiss National Bank lifted its holdings in shares of Brookdale Senior Living by 1.5% during the 3rd quarter. Swiss National Bank now owns 351,739 shares of the company’s stock valued at $1,456,000 after acquiring an additional 5,300 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brookdale Senior Living by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,516,867 shares of the company’s stock valued at $14,560,000 after acquiring an additional 62,083 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Brookdale Senior Living by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 17,881,415 shares of the company’s stock valued at $74,029,000 after acquiring an additional 129,005 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in shares of Brookdale Senior Living during the 3rd quarter valued at $841,000.

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.