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

Brookdale Senior Living Inc. (NYSE:BKD) reached 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. The stock had previously closed at $4.87.

Analyst Ratings Changes

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

Brookdale Senior Living Trading Down 3.6 %

The firm has a market cap of $935.29 million, a price-to-earnings ratio of -5.10 and a beta of 1.31. The business has a fifty day moving average of $5.19 and a two-hundred day moving average of $6.16. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The firm had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same period last year, the company posted ($0.22) EPS. As a group, equities analysts expect that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the company’s 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 owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brookdale Senior Living

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