Brookdale Senior Living (BKD) Shares Down 6.7%

Brookdale Senior Living, Inc. (NYSE:BKD)’s share price dropped 6.7% during mid-day trading on Tuesday . The stock traded as low as $6.49 and last traded at $6.52. Approximately 1,863,393 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 2,075,366 shares. The stock had previously closed at $6.99.

BKD has been the subject of several research analyst reports. ValuEngine upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Jefferies Financial Group restated a “buy” rating and issued a $10.00 price objective on shares of Brookdale Senior Living in a research note on Tuesday, February 12th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Monday, January 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $7.50 price objective on shares of Brookdale Senior Living in a research note on Thursday, February 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $9.10.

The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.28 and a beta of 1.69. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.00 and a current ratio of 1.00.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.97. Brookdale Senior Living had a negative net margin of 11.66% and a negative return on equity of 15.69%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. Research analysts expect that Brookdale Senior Living, Inc. will post -1.36 earnings per share for the current fiscal year.

In other Brookdale Senior Living news, Director Denise Wilder Warren bought 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $6.56 per share, for a total transaction of $32,800.00. Following the completion of the purchase, the director now owns 24,401 shares of the company’s stock, valued at $160,070.56. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Lucinda M. Baier bought 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average price of $7.04 per share, with a total value of $52,800.00. The disclosure for this purchase can be found here. Insiders have bought 46,195 shares of company stock valued at $320,904 in the last quarter. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in BKD. Camelot Portfolios LLC acquired a new stake in Brookdale Senior Living in the fourth quarter valued at about $67,000. Blueshift Asset Management LLC acquired a new stake in Brookdale Senior Living in the fourth quarter valued at about $69,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Brookdale Senior Living in the fourth quarter valued at about $73,000. Menta Capital LLC acquired a new stake in Brookdale Senior Living in the fourth quarter valued at about $107,000. Finally, Virtu Financial LLC acquired a new stake in Brookdale Senior Living in the third quarter valued at about $129,000. Institutional investors and hedge funds own 99.39% of the company’s stock.

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About Brookdale Senior Living (NYSE:BKD)

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 senior citizens.

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