Brookdale Senior Living (NYSE:BKD) Trading 4.4% Higher – Here’s Why

Shares of Brookdale Senior Living Inc. (NYSE:BKD) traded up 4.4% during mid-day trading on Friday . The stock traded as high as $12.43 and last traded at $12.41. 1,042,239 shares were traded during mid-day trading, a decline of 76% from the average session volume of 4,350,180 shares. The stock had previously closed at $11.89.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stephens assumed coverage on Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective on the stock. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.50.

Brookdale Senior Living Stock Performance

The stock’s 50 day simple moving average is $13.47 and its two-hundred day simple moving average is $13.05. The firm has a market capitalization of $2.95 billion, a PE ratio of -14.32 and a beta of 0.63.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The business had revenue of $764.86 million during the quarter, compared to analysts’ expectations of $771.16 million. Equities research analysts expect that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BKD. Caitong International Asset Management Co. Ltd lifted its stake in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after purchasing an additional 2,675 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at approximately $59,000. Strs Ohio purchased a new stake in shares of Brookdale Senior Living during the 1st quarter valued at approximately $61,000. FNY Investment Advisers LLC purchased a new stake in shares of Brookdale Senior Living during the 4th quarter valued at approximately $62,000. Finally, KBC Group NV purchased a new stake in shares of Brookdale Senior Living during the 4th quarter valued at approximately $84,000.

Brookdale Senior Living Company Profile

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.