Brookdale Senior Living (NYSE:BKD) Sees Large Volume Increase – Still a Buy?

Shares of Brookdale Senior Living Inc. (NYSE:BKD) saw unusually-strong trading volume on Thursday . Approximately 3,197,387 shares were traded during trading, an increase of 57% from the previous session’s volume of 2,030,186 shares.The stock last traded at $4.82 and had previously closed at $4.70.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BKD. Macquarie reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price on the stock. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Stock Performance

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 company has a market capitalization of $949.24 million, a PE ratio of -5.18 and a beta of 1.31. The business has a 50 day simple moving average of $5.18 and a 200 day simple moving average of $6.15.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same quarter last year, the business earned ($0.22) earnings per share. Equities research analysts predict that Brookdale Senior Living Inc. will post -0.68 EPS for the current fiscal year.

Insider Activity at Brookdale Senior Living

In other 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 sale, the director now directly owns 211,382 shares of the company’s stock, valued at $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in Brookdale Senior Living during the fourth quarter valued at approximately $33,000. Sei Investments Co. acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth about $81,000. Quest Partners LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at about $104,000. Algert Global LLC acquired a new stake in Brookdale Senior Living in the 2nd quarter worth about $124,000. Finally, Aigen Investment Management LP increased its stake in Brookdale Senior Living by 69.5% during the 3rd quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock worth $176,000 after buying an additional 10,647 shares in the last quarter.

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.