Brookdale Senior Living (NYSE:BKD) Sets New 1-Year Low - Time to Sell?

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.67 and last traded at $4.77, with a volume of 565055 shares traded. The stock had previously closed at $4.87.

Analysts Set New Price Targets

Several brokerages recently issued reports on BKD. Bank of America downgraded shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and cut their price target for the company from $7.75 to $6.00 in a report on Monday, October 7th. Jefferies Financial Group began coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a "buy" rating and a $8.00 price target on the stock. Royal Bank of Canada 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, Macquarie restated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Brookdale Senior Living has an average rating of "Hold" and a consensus target price of $7.50.

Brookdale Senior Living Stock Up 1.4 %

The firm's 50-day moving average is $5.11 and its two-hundred day moving average is $6.06. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $927.32 million, a P/E ratio of -5.06 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued 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). The firm had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same period last year, the company earned ($0.22) EPS. On average, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current year.

Insider Transactions at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the sale, the director now directly owns 211,382 shares of the company's stock, valued at $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 is available at this link. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKD. Mackenzie Financial Corp increased its stake in shares of Brookdale Senior Living by 9.2% in the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company's stock valued at $218,000 after acquiring an additional 2,697 shares during the last quarter. SG Americas Securities LLC increased its stake in Brookdale Senior Living by 13.8% in the third quarter. SG Americas Securities LLC now owns 43,053 shares of the company's stock valued at $292,000 after purchasing an additional 5,208 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Brookdale Senior Living by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 101,442 shares of the company's stock worth $693,000 after purchasing an additional 6,508 shares during the period. R Squared Ltd bought a new position in shares of Brookdale Senior Living during the fourth quarter worth $33,000. Finally, Aigen Investment Management LP grew its holdings in shares of Brookdale Senior Living by 69.5% in the 3rd 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 period.

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.