Brookdale Senior Living Inc. (NYSE:BKD) Sees Significant Decrease in Short Interest

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 14,290,000 shares, a decrease of 8.7% from the May 31st total of 15,660,000 shares. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is presently 8.4 days. Currently, 8.4% of the shares of the stock are short sold.

Brookdale Senior Living Price Performance

Shares of BKD traded up $0.03 during mid-day trading on Wednesday, hitting $7.36. 617,339 shares of the stock were exchanged, compared to its average volume of 1,824,309. The firm has a 50-day moving average of $6.83 and a two-hundred day moving average of $6.28. Brookdale Senior Living has a 52-week low of $3.43 and a 52-week high of $7.62. The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $1.42 billion, a PE ratio of -9.56 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.03. Brookdale Senior Living had a negative net margin of 5.71% and a negative return on equity of 44.72%. The business had revenue of $782.83 million during the quarter. On average, equities analysts predict that Brookdale Senior Living will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

Several large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after acquiring an additional 2,790 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Brookdale Senior Living during the 4th quarter valued at about $104,000. Aigen Investment Management LP bought a new position in Brookdale Senior Living in the 4th quarter worth about $109,000. SG Americas Securities LLC purchased a new position in shares of Brookdale Senior Living during the first quarter worth approximately $130,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at approximately $160,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Macquarie initiated coverage on shares of Brookdale Senior Living in a report on Friday, June 28th. They issued an “outperform” rating and a $7.50 target price for the company. StockNews.com downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.