Brookdale Senior Living (NYSE:BKD) Trading Up 2.3% - Time to Buy?

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) traded up 2.3% during trading on Friday . The company traded as high as $6.18 and last traded at $6.05. 366,857 shares were traded during trading, a decline of 83% from the average session volume of 2,143,521 shares. The stock had previously closed at $5.91.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BKD. Barclays assumed coverage on shares of Brookdale Senior Living in a report on Tuesday. They set an "equal weight" rating and a $7.00 price target for the company. Macquarie reaffirmed an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Brookdale Senior Living has an average rating of "Hold" and an average target price of $7.40.

Brookdale Senior Living Trading Down 2.3 %

The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -6.87 and a beta of 1.31. The business's 50 day moving average price is $5.44 and its 200-day moving average price is $5.62. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) 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 firm had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. Equities analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

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Institutional Trading of Brookdale Senior Living

Several institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Brookdale Senior Living in the 4th quarter worth about $33,000. Lazard Asset Management LLC lifted its holdings in Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock worth $49,000 after acquiring an additional 9,707 shares during the last quarter. Crestline Management LP bought a new position in Brookdale Senior Living in the fourth quarter worth about $64,000. Freestone Grove Partners LP bought a new position in shares of Brookdale Senior Living during the fourth quarter valued at approximately $65,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of 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.