Brookdale Senior Living (NYSE:BKD) Sees Strong Trading Volume – Still a Buy?

Brookdale Senior Living Inc. (NYSE:BKD) saw unusually-high trading volume on Thursday . Approximately 14,635,950 shares traded hands during trading, an increase of 455% from the previous session’s volume of 2,636,196 shares.The stock last traded at $5.84 and had previously closed at $5.89.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Thursday, February 20th. Macquarie reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Trading Up 0.9 %

The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $1.19 billion, a PE ratio of -6.68 and a beta of 1.31. The stock has a 50-day simple moving average of $5.37 and a two-hundred day simple moving average of $5.64.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The company had revenue of $780.95 million for the quarter, compared to analysts’ expectations of $781.78 million. As a group, sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd bought a new position in Brookdale Senior Living in the fourth quarter valued at about $33,000. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 6,029.2% in the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock worth $49,000 after purchasing an additional 9,707 shares during the period. Crestline Management LP bought a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $64,000. Freestone Grove Partners LP purchased a new position in shares of Brookdale Senior Living in the fourth quarter worth approximately $65,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Brookdale Senior Living during the fourth quarter valued at approximately $80,000.

About Brookdale Senior Living

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.