Brookdale Senior Living (NYSE:BKD) Sets New 52-Week Low – Here’s Why

Brookdale Senior Living Inc. (NYSE:BKD)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $4.46 and last traded at $4.46, with a volume of 69643 shares. The stock had previously closed at $4.55.

Analysts Set New Price Targets

Several equities analysts have commented on BKD shares. Macquarie reissued an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. 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 data from MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Performance

The stock has a 50 day simple moving average of $5.05 and a two-hundred day simple moving average of $5.99. The company has a market capitalization of $905.41 million, a price-to-earnings ratio of -4.94 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81.

Insider Transactions at Brookdale Senior Living

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

Institutional Trading of Brookdale Senior Living

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock worth $927,000 after acquiring an additional 111,686 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Brookdale Senior Living in the third quarter valued at $1,775,000. Vision Capital Corp increased its stake in Brookdale Senior Living by 27.8% in the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock valued at $12,483,000 after purchasing an additional 400,000 shares during the period. Hedges Asset Management LLC raised its holdings in shares of Brookdale Senior Living by 28.0% in the fourth quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock valued at $1,333,000 after buying an additional 58,000 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its stake in shares of Brookdale Senior Living by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company’s stock worth $7,543,000 after buying an additional 95,700 shares during the period.

Brookdale Senior Living Company Profile

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.