Brookdale Senior Living (NYSE:BKD) hit a new 52-week high of $7.62

The shares of Brookdale Senior Living Inc. (NYSE:BKD – Get Free Report) hit a new 52-week high on Monday. The stock traded as high as $7.62 and last traded at $7.52 on volume of 987484 shares. The stock previously closed at $7.49.

Analysts set new price targets

Additionally, Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Tuesday, April 9.

Get our latest research report on BKD

Brookdale Senior Living Price Performance

The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -8.64 and a beta of 1.32. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 9.40. The company has a fifty day simple moving average of $6.40 and a two hundred day simple moving average of $5.67.

Brookdale Senior Living (NYSE:BKD – Get Free Report) last reported its earnings results on Tuesday, February 20th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) ($0.21). Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. The company had revenue of $754.48 million during the quarter. Research analysts predict that Brookdale Senior Living Inc. will post an earnings per share of -0.64 for the current year.

Institutional inflow and outflow

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its holdings in Brookdale Senior Living by 706.2% in the third quarter. SG Americas Securities LLC now owns 82,203 shares of the company’s stock worth $340,000 after acquiring an additional 72,007 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Brookdale Senior Living by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 694,535 shares of the company’s stock valued at $2,875,000 after purchasing an additional 17,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Brookdale Senior Living shares by 5.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,420 shares of the company’s stock worth $494,000 after acquiring an additional 5,851 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Brookdale Senior Living by 812.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,244 shares of the company’s stock valued at $51,000 after purchasing an additional 10,902 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Brookdale Senior Living shares by 5.7% during the third quarter. Panagora Asset Management Inc. now owns 958,975 shares of the company’s stock worth $3,970,000 after acquiring an additional 51,497 shares during the last quarter.

Brookdale Senior Living Company Profile

(Get a free report)

Brookdale Senior Living Inc owns, manages and operates senior living communities throughout the United States. It operates through three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities consisting of independent and assisted living units in one community, designed primarily for middle- to upper-income seniors.

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