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

A number of equities research analysts recently issued reports on the stock. Macquarie assumed coverage on shares of Brookdale Senior Living in a report on Friday. They issued an “outperform” rating and a $7.50 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a report on Tuesday, April 9th. Finally, StockNews.com lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Performance

The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -8.61 and a beta of 1.34. The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day simple moving average is $6.80 and its two-hundred day simple moving average is $6.24.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, May 7th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $782.83 million during the quarter. Brookdale Senior Living had a negative net margin of 5.71% and a negative return on equity of 44.72%. Analysts forecast that Brookdale Senior Living Inc. will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BKD. MQS Management LLC acquired a new position in shares of Brookdale Senior Living during the third quarter valued at about $49,000. Lazard Asset Management LLC raised its position in Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after purchasing an additional 2,790 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Brookdale Senior Living in the fourth quarter worth about $104,000. Aigen Investment Management LP acquired a new position in Brookdale Senior Living in the fourth quarter worth about $109,000. Finally, SG Americas Securities LLC acquired a new position in Brookdale Senior Living in the first quarter worth about $130,000.

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.