Brookdale Senior Living (NYSE:BKD) Shares Gap Up to $6.62

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $6.62, but opened at $6.84. Brookdale Senior Living shares last traded at $6.87, with a volume of 61,855 shares traded.

Wall Street Analyst Weigh In

BKD has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research note on Tuesday, April 9th. StockNews.com downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, Macquarie began coverage on Brookdale Senior Living in a research note on Friday. They set an “outperform” rating and a $7.50 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Stock Up 3.2 %

The business has a fifty day moving average price of $6.81 and a two-hundred day moving average price of $6.26. The company has a debt-to-equity ratio of 10.23, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -8.87 and a beta of 1.34.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. The business had revenue of $782.83 million for the quarter. On average, equities analysts expect that Brookdale Senior Living Inc. will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC lifted its position in shares of Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after acquiring an additional 2,790 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $104,000. Aigen Investment Management LP purchased a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $109,000. SG Americas Securities LLC purchased a new position in shares of Brookdale Senior Living in the first quarter valued at approximately $130,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $160,000.

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.