Brookdale Senior Living (NYSE:BKD) Stock Price Up 2.3% – Time to Buy?

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price was up 2.3% during mid-day trading on Friday . The company traded as high as $6.18 and last traded at $6.05. Approximately 366,857 shares traded hands during trading, a decline of 83% from the average daily volume of 2,143,521 shares. The stock had previously closed at $5.91.

Analyst Ratings Changes

Several research firms have recently commented on BKD. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Macquarie reissued an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Price Performance

The stock’s 50 day moving average is $5.41 and its two-hundred day moving average is $5.63. The stock has a market capitalization 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 current ratio of 0.88 and a quick ratio of 0.88.

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

Institutional Inflows and Outflows

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