Brookdale Senior Living (NYSE:BKD) Hits New 52-Week High – What’s Next?

Brookdale Senior Living Inc. (NYSE:BKD) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.21 and last traded at $13.1150, with a volume of 5414635 shares changing hands. The stock had previously closed at $12.92.

Analysts Set New Price Targets

BKD has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and increased their target price for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Barclays raised their price target on shares of Brookdale Senior Living to $15.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on shares of Brookdale Senior Living from $13.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Brookdale Senior Living Trading Up 3.4%

The firm has a 50-day moving average of $11.33 and a 200 day moving average of $9.35. The company has a market cap of $3.56 billion, a P/E ratio of -11.45 and a beta of 0.67. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The business had revenue of $813.17 million during the quarter, compared to the consensus estimate of $825.59 million. Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%. On average, analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds and other institutional investors have recently bought and sold shares of BKD. Royal Bank of Canada grew its stake in shares of Brookdale Senior Living by 3.4% in the 1st quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after buying an additional 36,604 shares during the period. AQR Capital Management LLC boosted its holdings in Brookdale Senior Living by 34.2% in the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after acquiring an additional 6,507 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Brookdale Senior Living by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after acquiring an additional 4,323 shares during the period. Millennium Management LLC increased its holdings in shares of Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock valued at $13,591,000 after acquiring an additional 876,222 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Brookdale Senior Living during the first quarter valued at approximately $181,000.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.