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

Shares of Brookdale Senior Living Inc. (NYSE:BKD) reached a new 52-week high on Monday . The company traded as high as $11.05 and last traded at $10.9550, with a volume of 1886144 shares traded. The stock had previously closed at $10.80.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Brookdale Senior Living from $9.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $8.00 to $14.00 in a report on Monday, November 10th. Finally, Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Sunday. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Brookdale Senior Living Trading Up 4.1%

The firm has a market cap of $2.67 billion, a P/E ratio of -10.71 and a beta of 0.96. The business’s 50-day moving average is $8.92 and its two-hundred day moving average is $7.80. The company has a current ratio of 0.83, a quick ratio of 0.83 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The company had revenue of $813.17 million during the quarter, compared to analyst estimates of $825.59 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. As a group, analysts expect 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

A number of hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its position in Brookdale Senior Living by 647.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,307,068 shares of the company’s stock worth $9,097,000 after purchasing an additional 1,132,138 shares during the last quarter. Anson Funds Management LP grew its holdings in Brookdale Senior Living by 199.4% in the 1st quarter. Anson Funds Management LP now owns 538,880 shares of the company’s stock worth $3,373,000 after buying an additional 358,880 shares in the last quarter. American Century Companies Inc. grew its holdings in Brookdale Senior Living by 7.7% in the 1st quarter. American Century Companies Inc. now owns 2,234,645 shares of the company’s stock worth $13,989,000 after buying an additional 159,098 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Brookdale Senior Living in the 2nd quarter valued at approximately $3,730,000. Finally, KLP Kapitalforvaltning AS raised its stake in Brookdale Senior Living by 7.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 35,100 shares of the company’s stock valued at $244,000 after acquiring an additional 2,300 shares in the last quarter.

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.