Brookdale Senior Living (NYSE:BKD) Sets New 52-Week Low – Should You Sell?

Brookdale Senior Living Inc. (NYSE:BKD)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.51 and last traded at $4.60, with a volume of 1982272 shares. The stock had previously closed at $4.63.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BKD. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Macquarie reiterated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Finally, Jefferies Financial Group started coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Stock Performance

The stock has a 50-day moving average of $5.13 and a 200-day moving average of $6.08. The firm has a market cap of $915.37 million, a price-to-earnings ratio of -4.99 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same period in the prior year, the business posted ($0.22) EPS. As a group, analysts anticipate that Brookdale Senior Living Inc. will post -0.68 EPS 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 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 transaction of $56,200.00. Following the transaction, the director now owns 211,382 shares of the company’s stock, valued at $1,187,966.84. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund increased its position in shares of Brookdale Senior Living by 19.2% during the 4th quarter. New York State Common Retirement Fund now owns 1,324,478 shares of the company’s stock worth $6,662,000 after purchasing an additional 213,512 shares during the last quarter. Retirement Income Solutions Inc acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $114,000. Principal Financial Group Inc. increased its position in shares of Brookdale Senior Living by 9.9% during the 4th quarter. Principal Financial Group Inc. now owns 150,025 shares of the company’s stock worth $755,000 after purchasing an additional 13,494 shares during the last quarter. R Squared Ltd acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $33,000. Finally, Hedges Asset Management LLC increased its position in shares of Brookdale Senior Living by 28.0% during the 4th quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock worth $1,333,000 after purchasing an additional 58,000 shares during the last quarter.

About Brookdale Senior Living

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.