Brookdale Senior Living (NYSE:BKD) Sets New 1-Year Low – Here’s What Happened

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.87 and last traded at $4.96, with a volume of 286033 shares traded. The stock had previously closed at $5.00.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BKD shares. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target for the company. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Finally, Macquarie restated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Down 3.8 %

The firm has a market cap of $958.21 million, a P/E ratio of -5.23 and a beta of 1.31. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s fifty day moving average is $5.46 and its 200 day moving average is $6.39.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter last year, the business posted ($0.22) EPS. As a group, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Insider Activity at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now directly owns 211,382 shares in the company, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Brookdale Senior Living

A number of institutional investors have recently modified their holdings of BKD. Mackenzie Financial Corp lifted its holdings in shares of Brookdale Senior Living by 9.2% in the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after acquiring an additional 2,697 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Brookdale Senior Living by 15.8% in the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after purchasing an additional 3,390 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Brookdale Senior Living in the second quarter valued at approximately $26,000. SG Americas Securities LLC grew its stake in shares of Brookdale Senior Living by 13.8% during the third quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock worth $292,000 after buying an additional 5,208 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Brookdale Senior Living by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 101,442 shares of the company’s stock worth $693,000 after buying an additional 6,508 shares in the last quarter.

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.