Brookdale Senior Living (NYSE:BKD) Sees Strong Trading Volume – What’s Next?

Brookdale Senior Living Inc. (NYSE:BKD) saw an uptick in trading volume on Thursday . 14,635,950 shares changed hands during mid-day trading, an increase of 455% from the previous session’s volume of 2,636,196 shares.The stock last traded at $5.84 and had previously closed at $5.89.

Analyst Ratings Changes

BKD has been the topic of several analyst reports. Macquarie reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Up 0.9 %

The company has a market capitalization of $1.19 billion, a PE ratio of -6.68 and a beta of 1.31. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The company’s 50 day moving average is $5.37 and its two-hundred day moving average is $5.64.

Brookdale Senior Living (NYSE:BKD) last issued 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 for the quarter, compared to analysts’ expectations of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. On average, analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd bought a new stake in Brookdale Senior Living in the fourth quarter worth $33,000. Lazard Asset Management LLC grew its stake in shares of Brookdale Senior Living by 6,029.2% in the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock worth $49,000 after buying an additional 9,707 shares in the last quarter. Crestline Management LP bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth about $64,000. Freestone Grove Partners LP bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth about $65,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Brookdale Senior Living during the 4th quarter valued at about $80,000.

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.