Brookdale Senior Living (NYSE:BKD) Stock Price Passes Above 200-Day Moving Average of $5.41

Brookdale Senior Living Inc. (NYSE:BKD) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.41 and traded as high as $6.63. Brookdale Senior Living shares last traded at $6.52, with a volume of 1,383,657 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BKD shares. TheStreet raised Brookdale Senior Living from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Tuesday, April 9th.

Brookdale Senior Living Stock Performance

The stock has a market cap of $1.23 billion, a PE ratio of -7.76 and a beta of 1.32. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day moving average price of $6.17 and a two-hundred day moving average price of $5.41.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, February 20th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.21). Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. The firm had revenue of $754.48 million during the quarter. As a group, equities research analysts forecast that Brookdale Senior Living Inc. will post -0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookdale Senior Living

Hedge funds have recently added to or reduced their stakes in the stock. Graham Capital Management L.P. purchased a new position in shares of Brookdale Senior Living during the 3rd quarter worth $300,000. Swiss National Bank increased its position in Brookdale Senior Living by 1.5% in the third quarter. Swiss National Bank now owns 351,739 shares of the company’s stock worth $1,456,000 after buying an additional 5,300 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Brookdale Senior Living by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,516,867 shares of the company’s stock worth $14,560,000 after buying an additional 62,083 shares during the period. Vanguard Group Inc. lifted its position in shares of Brookdale Senior Living by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 17,881,415 shares of the company’s stock valued at $74,029,000 after buying an additional 129,005 shares in the last quarter. Finally, Caxton Associates LP bought a new position in shares of Brookdale Senior Living during the 3rd quarter valued at approximately $841,000.

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.