Brookdale Senior Living (NYSE:BKD) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Brookdale Senior Living Inc. (NYSE:BKD) saw unusually-strong trading volume on Thursday . Approximately 3,197,387 shares changed hands during mid-day trading, an increase of 57% from the previous session’s volume of 2,030,186 shares.The stock last traded at $4.82 and had previously closed at $4.70.

Analyst Ratings Changes

BKD has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Friday, December 20th. Macquarie restated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Friday, December 20th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price for the company. Finally, Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Trading Down 2.5 %

The stock’s fifty day moving average is $5.15 and its 200 day moving average is $6.12. 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 stock has a market cap of $922.34 million, a P/E ratio of -5.03 and a beta of 1.31.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently modified their holdings of BKD. R Squared Ltd purchased a new stake in shares of Brookdale Senior Living during the 4th quarter valued at $33,000. Sei Investments Co. purchased a new position in Brookdale Senior Living in the 2nd quarter worth $81,000. Quest Partners LLC purchased a new position in Brookdale Senior Living in the 3rd quarter worth $104,000. Retirement Income Solutions Inc acquired a new stake in Brookdale Senior Living during the 4th quarter worth about $114,000. Finally, Algert Global LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter valued at about $124,000.

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.