Brookdale Senior Living (NYSE:BKD) Trading 8.3% Higher – What’s Next?

Brookdale Senior Living Inc. (NYSE:BKD) shares shot up 8.3% during trading on Tuesday . The stock traded as high as $7.19 and last traded at $7.12. 899,191 shares were traded during mid-day trading, a decline of 63% from the average session volume of 2,451,112 shares. The stock had previously closed at $6.57.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Macquarie reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Royal Bank of Canada lifted their price target on Brookdale Senior Living from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, Barclays increased their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Brookdale Senior Living has an average rating of “Hold” and an average target price of $7.70.

Brookdale Senior Living Price Performance

The company has a 50 day moving average of $6.37 and a 200 day moving average of $5.71. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -7.96 and a beta of 0.81.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. Equities research analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optimize Financial Inc raised its position in Brookdale Senior Living by 8.5% during the first quarter. Optimize Financial Inc now owns 24,294 shares of the company’s stock worth $152,000 after acquiring an additional 1,902 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Brookdale Senior Living by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock valued at $568,000 after purchasing an additional 1,953 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Brookdale Senior Living by 2.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,060 shares of the company’s stock valued at $674,000 after purchasing an additional 2,821 shares during the period. Rhumbline Advisers lifted its stake in Brookdale Senior Living by 2.2% in the 1st quarter. Rhumbline Advisers now owns 280,596 shares of the company’s stock valued at $1,757,000 after purchasing an additional 5,949 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Brookdale Senior Living by 34.2% during the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after purchasing an additional 6,507 shares during the period.

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.