Brookdale Senior Living (NYSE:BKD) Sets New 12-Month Low – Here’s Why

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.67 and last traded at $4.77, with a volume of 565055 shares trading hands. The stock had previously closed at $4.87.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Macquarie restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Friday, December 20th. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target for the company. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Trading Down 3.6 %

The company’s fifty day moving average is $5.19 and its two-hundred day moving average is $6.16. 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 market cap of $935.29 million, a price-to-earnings ratio of -5.10 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same quarter in the previous year, the business posted ($0.22) earnings per share. On average, research analysts predict that Brookdale Senior Living Inc. will post -0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the 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 transaction, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by company insiders.

Institutional Trading of Brookdale Senior Living

A number of large investors have recently made changes to their positions in BKD. R Squared Ltd purchased a new position in Brookdale Senior Living during the 4th quarter worth $33,000. Sei Investments Co. purchased a new position in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $81,000. Quest Partners LLC purchased a new position in shares of Brookdale Senior Living in the 3rd quarter valued at approximately $104,000. Algert Global LLC acquired a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $124,000. Finally, Aigen Investment Management LP raised its stake in shares of Brookdale Senior Living by 69.5% during the third quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock worth $176,000 after purchasing an additional 10,647 shares during 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.