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

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Brookdale Senior Living Stock Down 0.6 %

The company’s 50 day moving average price is $6.19 and its 200 day moving average price is $5.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 9.40. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -7.73 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.40) 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 company had revenue of $754.48 million for the quarter. As a group, research analysts forecast that Brookdale Senior Living Inc. will post -0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter worth $31,000. ExodusPoint Capital Management LP purchased a new position in shares of Brookdale Senior Living during the first quarter worth $33,000. Point72 Hong Kong Ltd purchased a new position in shares of Brookdale Senior Living during the first quarter worth $35,000. Comerica Bank purchased a new position in shares of Brookdale Senior Living during the third quarter worth $35,000. Finally, Metropolitan Life Insurance Co NY raised its holdings in shares of Brookdale Senior Living by 39.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 13,647 shares of the company’s stock worth $37,000 after purchasing an additional 3,849 shares during 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.