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

Shares of Brookdale Senior Living Inc. (NYSE:BKD) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.67 and last traded at $4.77, with a volume of 565055 shares traded. The stock had previously closed at $4.87.

Analyst Ratings Changes

Several analysts have recently commented on the company. Macquarie reissued an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Trading Down 2.5 %

The firm has a market cap of $922.34 million, a PE ratio of -5.03 and a beta of 1.31. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $6.14.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The business had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. During the same quarter last year, the business posted ($0.22) earnings per share. Analysts forecast that Brookdale Senior Living Inc. will post -0.68 EPS for the current year.

Insider Buying and Selling

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the sale, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently made changes to their positions in BKD. Adelante Capital Management LLC purchased a new stake in Brookdale Senior Living during the 3rd quarter worth about $12,076,000. Rush Island Management LP boosted its stake in shares of Brookdale Senior Living by 31.9% during the 3rd quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock worth $34,742,000 after purchasing an additional 1,237,727 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Brookdale Senior Living by 11.4% during the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock worth $53,144,000 after buying an additional 799,744 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $3,998,000. Finally, Vision Capital Corp lifted its stake in shares of Brookdale Senior Living by 27.8% during the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock valued at $12,483,000 after buying an additional 400,000 shares during the period.

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.