Brookdale Senior Living (NYSE:BKD) Reaches New 1-Year High at $7.07

Brookdale Senior Living Inc. (NYSE:BKD)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.07 and last traded at $7.03, with a volume of 52060 shares. The stock had previously closed at $6.96.

Wall Street Analysts Forecast Growth

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

Brookdale Senior Living Stock Down 0.9 %

The stock’s fifty day moving average is $6.27 and its two-hundred day moving average is $5.56. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -8.29 and a beta of 1.32. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.80 and a current ratio of 0.80.

Brookdale Senior Living (NYSE:BKD) last announced 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) by ($0.21). Brookdale Senior Living had a negative net margin of 6.27% and a negative return on equity of 44.01%. The business had revenue of $754.48 million for the quarter. Sell-side analysts predict that Brookdale Senior Living Inc. will post -0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of hedge funds and other institutional investors have recently bought and sold shares of BKD. Vanguard Group Inc. raised its position in shares of Brookdale Senior Living by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 18,051,166 shares of the company’s stock valued at $105,058,000 after purchasing an additional 169,751 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Brookdale Senior Living by 8.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,310,786 shares of the company’s stock worth $54,191,000 after acquiring an additional 742,822 shares during the period. Wellington Management Group LLP acquired a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $28,961,000. Iron Triangle Partners LP increased its stake in shares of Brookdale Senior Living by 14.7% in the 4th quarter. Iron Triangle Partners LP now owns 4,859,607 shares of the company’s stock valued at $28,283,000 after buying an additional 623,479 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Brookdale Senior Living by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,516,867 shares of the company’s stock valued at $14,560,000 after acquiring an additional 62,083 shares during the period.

Brookdale Senior Living Company Profile

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.