Brookdale Senior Living (NYSE:BKD) Trading 6.4% Higher – Here’s Why

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price traded up 6.4% on Tuesday . The stock traded as high as $5.83 and last traded at $5.83. 303,234 shares changed hands during trading, a decline of 85% from the average session volume of 2,019,043 shares. The stock had previously closed at $5.48.

Wall Street Analyst Weigh In

A number of brokerages have commented on BKD. Bank of America lowered 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. Macquarie reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Jefferies Financial Group began coverage on shares of 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 research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and a consensus target price of $7.75.

Brookdale Senior Living Stock Performance

The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -6.34 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock has a 50 day moving average of $5.89 and a 200 day moving average of $6.61.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period last year, the company posted ($0.22) EPS. As a group, analysts anticipate 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 news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 211,382 shares in the company, valued at approximately $1,187,966.84. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKD. nVerses Capital LLC acquired a new position in Brookdale Senior Living in the 2nd quarter worth about $25,000. Headlands Technologies LLC bought a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at about $26,000. Innealta Capital LLC bought a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at about $52,000. Sei Investments Co. acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at about $81,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Brookdale Senior Living during the second quarter worth about $100,000.

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.