Brookdale Senior Living (NYSE:BKD) Sees Large Volume Increase

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 2,882,127 shares were traded during mid-day trading, an increase of 50% from the previous session's volume of 1,918,335 shares.The stock last traded at $6.74 and had previously closed at $6.88.

Analysts Set New Price Targets

Several equities analysts have commented on BKD shares. Macquarie started coverage on Brookdale Senior Living in a research report on Friday, June 28th. They issued an "outperform" rating and a $7.50 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Monday, August 12th. Finally, StockNews.com downgraded Brookdale Senior Living from a "hold" rating to a "sell" rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.50.

Brookdale Senior Living Stock Down 2.4 %

The company has a debt-to-equity ratio of 11.21, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $1.30 billion, a PE ratio of -8.72 and a beta of 1.31. The business has a 50 day moving average of $7.28 and a two-hundred day moving average of $6.79.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04). The firm had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same quarter in the previous year, the company earned ($0.15) earnings per share. Analysts predict that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Institutional Trading of Brookdale Senior Living

Several hedge funds and other institutional investors have recently bought and sold shares of BKD. nVerses Capital LLC acquired a new stake in Brookdale Senior Living in the second quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in Brookdale Senior Living in the second quarter valued at approximately $26,000. Innealta Capital LLC acquired a new stake in Brookdale Senior Living in the second quarter valued at approximately $52,000. Sei Investments Co. acquired a new stake in Brookdale Senior Living in the second quarter valued at approximately $81,000. Finally, Lazard Asset Management LLC lifted its position in shares of Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after acquiring an additional 2,790 shares in the last quarter.

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.