Brookdale Senior Living (NYSE:BKD) Sets New 12-Month High at $6.71

Brookdale Senior Living Inc. (NYSE:BKD) shares hit a new 52-week high during trading on Thursday . The company traded as high as $6.71 and last traded at $6.65, with a volume of 55904 shares changing hands. The stock had previously closed at $6.59.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $3.95 to $6.00 in a research report on Friday, December 15th. TheStreet raised shares of Brookdale Senior Living from a “d+” rating to a “c-” rating in a research note on Friday, December 29th.

Brookdale Senior Living Stock Performance

The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day moving average is $5.87 and its two-hundred day moving average is $5.14.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.21). The company had revenue of $754.48 million for the quarter. Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. Analysts anticipate that Brookdale Senior Living Inc. will post -0.66 EPS for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Brookdale Senior Living by 25.7% in the 1st quarter. BlackRock Inc. now owns 30,796,560 shares of the company’s stock worth $217,115,000 after purchasing an additional 6,299,168 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $28,961,000. Point72 Asset Management L.P. lifted its position in shares of Brookdale Senior Living by 339,360,800.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,393,609 shares of the company’s stock worth $14,321,000 after acquiring an additional 3,393,608 shares during the period. Norges Bank bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $8,858,000. Finally, Millennium Management LLC lifted its position in shares of Brookdale Senior Living by 157.1% in the 4th quarter. Millennium Management LLC now owns 4,200,275 shares of the company’s stock worth $11,467,000 after acquiring an additional 2,566,441 shares during the period.

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.