Brookdale Senior Living (NYSE:BKD) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Brookdale Senior Living Inc. (NYSE:BKD) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.89 and traded as high as $13.56. Brookdale Senior Living shares last traded at $13.2950, with a volume of 2,161,337 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on BKD shares. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Brookdale Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Barclays raised their target price on shares of Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Stephens started coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Brookdale Senior Living Trading Down 0.0%

The stock’s fifty day moving average price is $13.70 and its 200-day moving average price is $12.89. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -15.46 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly 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%. Analysts predict that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in shares of Brookdale Senior Living by 387.4% during the 1st quarter. Janus Henderson Group PLC now owns 511,502 shares of the company’s stock worth $6,998,000 after buying an additional 406,564 shares during the last quarter. Amundi acquired a new stake in Brookdale Senior Living in the 1st quarter valued at approximately $152,000. California State Teachers Retirement System increased its holdings in Brookdale Senior Living by 24.9% in the 1st quarter. California State Teachers Retirement System now owns 268,379 shares of the company’s stock valued at $3,671,000 after purchasing an additional 53,487 shares during the last quarter. Regal Partners Ltd increased its holdings in Brookdale Senior Living by 32.4% in the 1st quarter. Regal Partners Ltd now owns 132,403 shares of the company’s stock valued at $1,811,000 after purchasing an additional 32,403 shares during the last quarter. Finally, Eversept Partners LP increased its holdings in Brookdale Senior Living by 851.8% in the 1st quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock valued at $48,818,000 after purchasing an additional 3,193,626 shares during the last quarter.

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.