Brookdale Senior Living (NYSE:BKD) Hits New 1-Year Low - Here's Why

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.09 and last traded at $5.11, with a volume of 75278 shares trading hands. The stock had previously closed at $5.18.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BKD shares. Jefferies Financial Group started 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. Macquarie reissued an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $7.75 to $6.00 in a report on Monday, October 7th. 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.com, the company presently has an average rating of "Hold" and an average target price of $7.75.

Brookdale Senior Living Stock Performance

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -5.65 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock's 50 day moving average is $6.21 and its two-hundred day moving average is $6.75.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results 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 company had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period in the previous year, the company posted ($0.22) earnings per share. Analysts expect that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of large investors have recently modified their holdings of BKD. SG Americas Securities LLC acquired a new position in shares of Brookdale Senior Living during the 1st quarter worth about $130,000. Russell Investments Group Ltd. acquired a new position in shares of Brookdale Senior Living during the 1st quarter worth about $354,000. ProShare Advisors LLC boosted its stake in shares of Brookdale Senior Living by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company's stock worth $221,000 after buying an additional 2,637 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Brookdale Senior Living by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company's stock worth $120,774,000 after buying an additional 220,199 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Brookdale Senior Living by 143.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,262 shares of the company's stock worth $253,000 after buying an additional 22,568 shares during the last quarter.

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.