Brookdale Senior Living (NYSE:BKD) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Brookdale Senior Living Inc. (NYSE:BKD) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.33 and traded as high as $15.44. Brookdale Senior Living shares last traded at $15.3670, with a volume of 6,555,684 shares.

Wall Street Analyst Weigh In

BKD has been the subject of a number of recent research reports. Compass Point assumed coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. Zacks Research lowered Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Stephens assumed coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Brookdale Senior Living Stock Up 4.6%

The firm has a market cap of $3.67 billion, a PE ratio of -17.87 and a beta of 0.63. The firm’s 50 day moving average is $13.39 and its 200-day moving average is $13.33.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $764.86 million for the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. On average, analysts forecast that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in shares of Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares during the period. Larson Financial Group LLC purchased a new position in shares of Brookdale Senior Living during the 3rd quarter worth about $59,000. Strs Ohio purchased a new position in shares of Brookdale Senior Living during the 1st quarter worth about $61,000. FNY Investment Advisers LLC acquired a new stake in shares of Brookdale Senior Living in the fourth quarter worth approximately $62,000. Finally, KBC Group NV purchased a new stake in Brookdale Senior Living in the fourth quarter valued at approximately $84,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.