Brookdale Senior Living (NYSE:BKD) Reaches New 1-Year Low – Here’s Why

Brookdale Senior Living Inc. (NYSE:BKD)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.05 and last traded at $5.05, with a volume of 607683 shares trading hands. The stock had previously closed at $5.25.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BKD. Royal Bank of Canada reaffirmed an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Macquarie reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target on the stock. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.75.

Brookdale Senior Living Trading Down 6.1 %

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 firm has a fifty day moving average price of $5.78 and a 200 day moving average price of $6.55. The company has a market cap of $982.12 million, a price-to-earnings ratio of -5.36 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The firm had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. As a group, equities analysts predict that Brookdale Senior Living Inc. will post -0.7 EPS for the current fiscal year.

Insider Buying and Selling at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the transaction, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

A number of hedge funds have recently modified their holdings of BKD. SG Americas Securities LLC raised its holdings in Brookdale Senior Living by 91.8% in the 2nd quarter. SG Americas Securities LLC now owns 37,845 shares of the company’s stock valued at $258,000 after acquiring an additional 18,109 shares during the period. Hennessy Advisors Inc. acquired a new stake in Brookdale Senior Living during the 2nd quarter worth approximately $8,513,000. Bank of New York Mellon Corp boosted its stake in Brookdale Senior Living by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 683,595 shares of the company’s stock valued at $4,669,000 after purchasing an additional 45,738 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Brookdale Senior Living by 24.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,057,302 shares of the company’s stock valued at $7,221,000 after buying an additional 209,854 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in Brookdale Senior Living by 7.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 863,451 shares of the company’s stock worth $5,897,000 after buying an additional 58,946 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.