Brookdale Senior Living (NYSE:BKD) Stock Price Down 15.9% – What’s Next?

Shares of Brookdale Senior Living Inc. (NYSE:BKD) dropped 15.9% during trading on Thursday . The stock traded as low as $5.43 and last traded at $5.43. Approximately 711,218 shares were traded during trading, a decline of 65% from the average daily volume of 2,012,469 shares. The stock had previously closed at $6.46.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKD. Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price on the stock. Macquarie reaffirmed an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $7.75 to $6.00 in a report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating and three have assigned 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 $7.75.

Brookdale Senior Living Price Performance

The company has a 50-day moving average of $6.48 and a 200 day moving average of $6.85. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. The stock has a market capitalization of $1.15 billion, a PE ratio of -5.90 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The business had revenue of $777.54 million during the quarter. During the same quarter in the prior year, the company posted ($0.15) earnings per share. Sell-side analysts predict that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Brookdale Senior Living by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock valued at $120,774,000 after buying an additional 220,199 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Brookdale Senior Living during the second quarter worth $9,603,000. Caxton Associates LP raised its position in Brookdale Senior Living by 135.4% in the first quarter. Caxton Associates LP now owns 141,196 shares of the company’s stock valued at $933,000 after purchasing an additional 81,210 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $3,265,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after purchasing an additional 2,790 shares during the period.

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.