Brookdale Senior Living (NYSE:BKD) Trading 2.3% Higher – Still a Buy?

Brookdale Senior Living Inc. (NYSE:BKD) shot up 2.3% on Friday . The company traded as high as $6.18 and last traded at $6.05. 366,857 shares were traded during trading, a decline of 83% from the average session volume of 2,143,521 shares. The stock had previously closed at $5.91.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Macquarie restated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Trading Up 3.8 %

The stock has a market cap of $1.23 billion, a PE ratio of -6.89 and a beta of 1.31. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average of $5.41 and a two-hundred day moving average of $5.63.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The business had revenue of $780.95 million during the quarter, compared to analysts’ expectations of $781.78 million. Sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter worth $104,000. Intech Investment Management LLC acquired a new position in Brookdale Senior Living during the third quarter worth about $408,000. Dynamic Technology Lab Private Ltd purchased a new stake in Brookdale Senior Living during the 3rd quarter valued at about $515,000. FMR LLC raised its holdings in Brookdale Senior Living by 25.3% in the 3rd quarter. FMR LLC now owns 180,045 shares of the company’s stock valued at $1,223,000 after acquiring an additional 36,302 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Brookdale Senior Living during the 3rd quarter worth approximately $218,000.

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.