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

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.87 and last traded at $4.96, with a volume of 286033 shares changing hands. The stock had previously closed at $5.00.

Analyst Ratings Changes

BKD has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Friday, December 20th. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $7.75 to $6.00 in a research 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 issued 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Price Performance

The company’s fifty day moving average is $5.46 and its two-hundred day moving average is $6.39. 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 firm has a market capitalization of $958.21 million, a price-to-earnings ratio of -5.23 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The company had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. During the same quarter in the prior year, the business earned ($0.22) earnings per share. Equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the transaction, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds and other institutional investors have recently made changes to their positions in BKD. Headlands Technologies LLC acquired a new stake in Brookdale Senior Living during the 2nd quarter worth $26,000. Sei Investments Co. acquired a new stake in shares of Brookdale Senior Living during the second quarter worth about $81,000. Quest Partners LLC bought a new position in shares of Brookdale Senior Living during the 3rd quarter valued at about $104,000. Algert Global LLC acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $124,000. Finally, Principal Financial Group Inc. increased its stake in Brookdale Senior Living by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after purchasing an additional 3,390 shares in 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.