Brookdale Senior Living (NYSE:BKD) Trading Up 6%

Brookdale Senior Living Inc. (NYSE:BKD)’s share price was up 6% during mid-day trading on Tuesday . The company traded as high as $6.68 and last traded at $6.68. Approximately 92,372 shares were traded during trading, a decline of 95% from the average daily volume of 1,916,261 shares. The stock had previously closed at $6.30.

Separately, Royal Bank of Canada upped their price target on shares of Brookdale Senior Living from $4.00 to $7.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 9th.

The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 37.33 and a beta of 1.86. The stock’s 50 day moving average price is $5.94 and its two-hundred day moving average price is $4.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.22.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Wednesday, February 24th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.03). The business had revenue of $852.17 million during the quarter, compared to analyst estimates of $843.81 million. Brookdale Senior Living had a negative return on equity of 34.34% and a net margin of 0.95%. On average, analysts predict that Brookdale Senior Living Inc. will post -0.5 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Coe Capital Management LLC acquired a new stake in Brookdale Senior Living during the third quarter valued at $25,000. Inspire Advisors LLC purchased a new position in Brookdale Senior Living during the fourth quarter valued at $32,000. Truist Financial Corp purchased a new position in Brookdale Senior Living during the third quarter valued at $34,000. Great West Life Assurance Co. Can lifted its holdings in Brookdale Senior Living by 29.2% during the third quarter. Great West Life Assurance Co. Can now owns 15,368 shares of the company’s stock valued at $39,000 after purchasing an additional 3,470 shares in the last quarter. Finally, BDO Wealth Advisors LLC purchased a new position in Brookdale Senior Living during the fourth quarter valued at $44,000. Institutional investors own 89.70% of the company’s stock.

Brookdale Senior Living Company Profile (NYSE:BKD)

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, Continuing Care Retirement Communities (CCRCs), Health Care Services, and Management Services. 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.

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