Brookdale Senior Living (NYSE:BKD) Shares Gap Up – Should You Buy?

Brookdale Senior Living Inc. (NYSE:BKD)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $6.07, but opened at $6.41. Brookdale Senior Living shares last traded at $6.59, with a volume of 2,149,791 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on BKD. Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group started coverage on Brookdale Senior Living in a research report on Wednesday. They issued a “buy” rating and a $8.00 price objective for the company. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.75.

Brookdale Senior Living Stock Down 1.1 %

The business has a 50 day simple moving average of $6.68 and a 200 day simple moving average of $6.88. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -8.58 and a beta of 1.31. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same period last year, the business earned ($0.15) EPS. As a group, equities analysts predict that Brookdale Senior Living Inc. will post -0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Several large investors have recently added to or reduced their stakes in BKD. nVerses Capital LLC acquired a new position in shares of Brookdale Senior Living in the second quarter worth $25,000. Headlands Technologies LLC purchased a new position in Brookdale Senior Living in the second quarter valued at $26,000. Innealta Capital LLC acquired a new position in Brookdale Senior Living during the 2nd quarter worth $52,000. Sei Investments Co. purchased a new stake in Brookdale Senior Living during the 2nd quarter worth about $81,000. Finally, Lazard Asset Management LLC raised its position in Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after purchasing an additional 2,790 shares in the last quarter.

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.