Brookdale Senior Living (BKD) Cut to Sell at ValuEngine

ValuEngine lowered shares of Brookdale Senior Living (NYSE:BKD) from a hold rating to a sell rating in a research report report published on Tuesday.

A number of other research firms also recently issued reports on BKD. Royal Bank of Canada restated a hold rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Sunday, November 18th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a sell rating to a hold rating in a report on Monday, October 8th. JMP Securities raised their price objective on shares of Brookdale Senior Living from $9.00 to $11.00 and gave the stock a buy rating in a report on Wednesday, October 3rd. Finally, Stifel Nicolaus decreased their price objective on shares of Brookdale Senior Living from $9.00 to $8.00 and set a hold rating for the company in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $9.25.

Shares of BKD stock opened at $8.03 on Tuesday. The stock has a market capitalization of $1.47 billion, a PE ratio of -10.29 and a beta of 1.60. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.66 and a quick ratio of 0.66. Brookdale Senior Living has a one year low of $6.28 and a one year high of $11.09.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, November 5th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.08. Brookdale Senior Living had a negative net margin of 13.93% and a negative return on equity of 14.72%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted ($2.22) earnings per share. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Brookdale Senior Living will post -1.03 earnings per share for the current fiscal year.

In related news, Director Marcus E. Bromley acquired 6,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $7.86 per share, for a total transaction of $49,518.00. Following the completion of the acquisition, the director now owns 41,059 shares of the company’s stock, valued at approximately $322,723.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Brookdale Senior Living during the third quarter worth about $129,000. Point72 Hong Kong Ltd boosted its position in Brookdale Senior Living by 265.3% during the second quarter. Point72 Hong Kong Ltd now owns 15,509 shares of the company’s stock worth $141,000 after purchasing an additional 11,263 shares during the period. BNP Paribas Arbitrage SA boosted its position in Brookdale Senior Living by 127.1% during the second quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock worth $165,000 after purchasing an additional 10,131 shares during the period. Avestar Capital LLC boosted its position in Brookdale Senior Living by 126.2% during the third quarter. Avestar Capital LLC now owns 19,228 shares of the company’s stock worth $171,000 after purchasing an additional 10,727 shares during the period. Finally, Jane Street Group LLC bought a new position in Brookdale Senior Living during the third quarter worth about $235,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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Analyst Recommendations for Brookdale Senior Living (NYSE:BKD)

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