Brookdale Senior Living (NYSE:BKD) Issues Quarterly Earnings Results

Brookdale Senior Living (NYSE:BKD) released its quarterly earnings results on Tuesday. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21), Zacks reports. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%.

Brookdale Senior Living Stock Performance

Shares of NYSE:BKD traded down $0.02 during trading on Tuesday, reaching $5.30. The company had a trading volume of 2,082,513 shares, compared to its average volume of 2,236,943. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -5.76 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. The stock’s fifty day moving average price is $4.98 and its 200 day moving average price is $5.87. Brookdale Senior Living has a fifty-two week low of $4.45 and a fifty-two week high of $8.12.

Insider Activity

In related news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction that occurred on Thursday, December 5th. The stock was 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 $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BKD. Macquarie reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.50.

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.