Brookdale Senior Living Inc. (NYSE:BKD – Get Rating) fell 8.5% during mid-day trading on Friday after Barclays lowered their price target on the stock from $8.00 to $7.00. Barclays currently has an overweight rating on the stock. Brookdale Senior Living traded as low as $4.32 and last traded at $4.33. 50,657 shares changed hands during trading, a decline of 98% from the average session volume of 2,993,709 shares. The stock had previously closed at $4.73.
Separately, StockNews.com initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 12th. They set a “sell” rating for the company.
Institutional Trading of Brookdale Senior Living
A number of institutional investors have recently added to or reduced their stakes in BKD. Assenagon Asset Management S.A. boosted its position in Brookdale Senior Living by 28.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 828,508 shares of the company’s stock worth $5,841,000 after purchasing an additional 182,461 shares during the period. Envestnet Asset Management Inc. boosted its position in Brookdale Senior Living by 23.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 57,717 shares of the company’s stock valued at $407,000 after buying an additional 10,817 shares during the last quarter. National Bank of Canada FI boosted its position in Brookdale Senior Living by 21.3% in the 1st quarter. National Bank of Canada FI now owns 31,509 shares of the company’s stock valued at $222,000 after buying an additional 5,537 shares during the last quarter. Aigen Investment Management LP purchased a new position in Brookdale Senior Living in the 1st quarter valued at about $81,000. Finally, Teacher Retirement System of Texas boosted its position in Brookdale Senior Living by 6.6% in the 1st quarter. Teacher Retirement System of Texas now owns 38,068 shares of the company’s stock valued at $268,000 after buying an additional 2,350 shares during the last quarter. 99.63% of the stock is owned by hedge funds and other institutional investors.
Brookdale Senior Living Trading Down 6.1 %
The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 7.89. The business’s 50-day simple moving average is $4.71 and its two-hundred day simple moving average is $5.23. The company has a market capitalization of $829.35 million, a PE ratio of -8.02 and a beta of 1.46.
Brookdale Senior Living (NYSE:BKD – Get Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.04). The firm had revenue of $689.52 million during the quarter, compared to analysts’ expectations of $684.40 million. Brookdale Senior Living had a negative net margin of 3.46% and a negative return on equity of 48.97%. During the same period in the previous year, the company earned ($0.45) earnings per share. On average, analysts predict that Brookdale Senior Living Inc. will post -1.43 earnings per share for the current year.
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.
