Brookdale Senior Living (NYSE:BKD) Shares Cross Above 200 Day Moving Average – Here’s What Happened
by Sarita Garza · The Markets DailyShares of Brookdale Senior Living Inc. (NYSE:BKD – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.33 and traded as high as $15.44. Brookdale Senior Living shares last traded at $15.3670, with a volume of 6,555,684 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on BKD shares. Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Compass Point started coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 price target for the company. Stephens assumed coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.
View Our Latest Report on Brookdale Senior Living
Brookdale Senior Living Stock Up 1.7%
The company’s fifty day moving average is $13.42 and its 200-day moving average is $13.35. The company has a market cap of $3.74 billion, a PE ratio of -18.23 and a beta of 0.63.
Brookdale Senior Living (NYSE:BKD – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($0.03) EPS 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 company had revenue of $764.86 million during the quarter, compared to the consensus estimate of $771.16 million. Equities research analysts expect that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.
Hedge Funds Weigh In On Brookdale Senior Living
Several institutional investors have recently made changes to their positions in BKD. Quinn Opportunity Partners LLC raised its position in Brookdale Senior Living by 183.0% in the third quarter. Quinn Opportunity Partners LLC now owns 402,090 shares of the company’s stock worth $3,406,000 after acquiring an additional 260,000 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Brookdale Senior Living by 16.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,493,480 shares of the company’s stock worth $21,120,000 after acquiring an additional 358,012 shares during the last quarter. Iron Triangle Partners LP grew its position in shares of Brookdale Senior Living by 67.0% during the 3rd quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company’s stock valued at $24,041,000 after acquiring an additional 1,138,361 shares during the period. Mason Capital Management LLC bought a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at $20,971,000. Finally, American Century Companies Inc. increased its stake in shares of Brookdale Senior Living by 2.3% in the 3rd quarter. American Century Companies Inc. now owns 3,534,675 shares of the company’s stock worth $29,939,000 after purchasing an additional 79,962 shares in the last quarter.
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.