Brookdale Senior Living (NYSE:BKD) Shares Gap Up – Time to Buy?

Brookdale Senior Living Inc. (NYSE:BKD) gapped up prior to trading on Wednesday . The stock had previously closed at $6.07, but opened at $6.41. Brookdale Senior Living shares last traded at $6.59, with a volume of 2,149,791 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BKD. Bank of America cut shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a report on Wednesday. They issued a “buy” rating and a $8.00 target price on the stock. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Trading Up 11.5 %

The firm has a 50-day moving average of $6.73 and a two-hundred day moving average of $6.89. The firm has a market capitalization of $1.31 billion, a P/E ratio of -8.44 and a beta of 1.31. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The business had revenue of $777.54 million for the quarter. During the same period last year, the firm posted ($0.15) earnings per share. On average, analysts anticipate that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Institutional Trading of Brookdale Senior Living

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Brookdale Senior Living by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 18,051,166 shares of the company’s stock worth $105,058,000 after purchasing an additional 169,751 shares in the last quarter. BNP Paribas Financial Markets increased its position in Brookdale Senior Living by 70.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company’s stock valued at $14,504,000 after acquiring an additional 907,157 shares during the period. Assenagon Asset Management S.A. bought a new position in Brookdale Senior Living during the 2nd quarter worth $9,603,000. Caxton Associates LP lifted its holdings in Brookdale Senior Living by 135.4% during the 1st quarter. Caxton Associates LP now owns 141,196 shares of the company’s stock worth $933,000 after buying an additional 81,210 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Brookdale Senior Living in the 4th quarter valued at about $28,961,000.

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.