Stocks of Brookdale Senior Living Inc (NYSE:BKD) traded higher last session on Wall Street, down -6.97% to $6.81.
BKD stock price is now -4.32% away from the 50-day moving average and 10.80% away from the 200-day moving average. The market capitalization of the company currently stands at $1.31B.
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With the price target of $7.50, Macquarie recently initiated with Outperform rating for Brookdale Senior Living Inc (NYSE: BKD). On December 15, 2023, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $3.95 to quote $6, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, BROMLEY MARCUS E, Director sold 3,300 shares of the company’s stock on May 15 ’24. The stock was sold for $23,925 at an average price of $7.25. Upon completion of the transaction, the Director now directly owns 146,152 shares in the company, valued at $1.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, EVP & Treasurer HICKS GEORGE T bought 9,140 shares of the business’s stock. A total of $50,307 was incurred on buying the stock at an average price of $5.50. This leaves the insider owning 351,883 shares of the company worth $2.4 million. A total of 11.99% of the company’s stock is owned by insiders.
During the past 12 months, Brookdale Senior Living Inc has had a low of $3.62 and a high of $8.12. The fifty day moving average price for BKD is $7.1228 and a two-hundred day moving average price translates $6.1618 for the stock.
The latest earnings results from Brookdale Senior Living Inc (NYSE: BKD) was released for 2024-06-30. The net profit margin was -6.75% and return on equity was -47.21% for BKD. The company reported revenue of $782.83 million for the quarter, compared to $753.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.93 percent.
