Brookdale Senior Living Inc. (NYSE:BKD) Short Interest Update

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 14,290,000 shares, a decrease of 8.7% from the May 31st total of 15,660,000 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is currently 8.4 days. Currently, 8.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Macquarie assumed coverage on Brookdale Senior Living in a report on Friday, June 28th. They issued an “outperform” rating and a $7.50 price target for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.50.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently made changes to their positions in the business. Diversified Trust Co boosted its stake in shares of Brookdale Senior Living by 4.8% during the 1st quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock valued at $261,000 after buying an additional 1,811 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Brookdale Senior Living by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,815 shares of the company’s stock valued at $709,000 after buying an additional 2,395 shares during the last quarter. ProShare Advisors LLC lifted its stake in Brookdale Senior Living by 8.5% during the first quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock worth $221,000 after purchasing an additional 2,637 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after purchasing an additional 2,790 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Brookdale Senior Living by 9.7% during the fourth quarter. Arizona State Retirement System now owns 49,986 shares of the company’s stock worth $291,000 after purchasing an additional 4,434 shares during the last quarter.

Brookdale Senior Living Stock Up 0.4 %

NYSE BKD traded up $0.03 on Wednesday, reaching $7.36. The company had a trading volume of 617,339 shares, compared to its average volume of 1,824,309. The firm has a market capitalization of $1.42 billion, a PE ratio of -9.56 and a beta of 1.31. Brookdale Senior Living has a 1 year low of $3.43 and a 1 year high of $7.62. The firm has a 50-day moving average of $6.83 and a 200-day moving average of $6.28. The company has a debt-to-equity ratio of 10.23, a current ratio of 0.84 and a quick ratio of 0.84.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, May 7th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.03. The company had revenue of $782.83 million during the quarter. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. On average, equities research analysts anticipate that Brookdale Senior Living will post -0.52 EPS for the current fiscal year.

Brookdale Senior Living Company Profile

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.