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

Brookdale Senior Living Inc. (NYSE:BKD)’s share price gapped up before the market opened 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.

Analyst Upgrades and Downgrades

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

Brookdale Senior Living Stock Performance

The firm has a fifty day moving average price of $6.80 and a 200 day moving average price of $6.24. 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 has a market cap of $1.34 billion, a PE ratio of -8.61 and a beta of 1.34.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $782.83 million for the quarter. Research analysts forecast that Brookdale Senior Living Inc. will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Several hedge funds have recently made changes to their positions in the company. MQS Management LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter worth about $49,000. Lazard Asset Management LLC grew its position in Brookdale Senior Living by 25.0% during the 1st 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 during the period. Counterpoint Mutual Funds LLC acquired a new stake in Brookdale Senior Living during the 4th quarter worth about $104,000. Aigen Investment Management LP acquired a new stake in Brookdale Senior Living during the 4th quarter worth about $109,000. Finally, SG Americas Securities LLC acquired a new stake in Brookdale Senior Living during the 1st 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.