Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as $4.87 and last traded at $4.96, with a volume of 286033 shares trading hands. The stock had previously closed at $5.00.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Macquarie reiterated an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Royal Bank of Canada restated an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Friday, December 20th. Bank of America downgraded Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Jefferies Financial Group started coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 price objective on the stock. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.50.
Get Our Latest Stock Analysis on BKD
Brookdale Senior Living Price Performance
The stock's 50-day moving average is $5.46 and its 200 day moving average is $6.39. 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 capitalization of $968.18 million, a PE ratio of -5.28 and a beta of 1.31.
Brookdale Senior Living (NYSE:BKD - Get Free Report) 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). The firm had revenue of $784.17 million during the quarter, compared to analysts' expectations 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 in the previous year, the firm posted ($0.22) earnings per share. As a group, equities analysts expect that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current year.
Insider Transactions at Brookdale Senior Living
In other news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction dated 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 sale, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company's stock.
Institutional Trading of Brookdale Senior Living
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in shares of Brookdale Senior Living by 449.5% in the 3rd quarter. Principal Financial Group Inc. now owns 136,531 shares of the company's stock valued at $927,000 after purchasing an additional 111,686 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Brookdale Senior Living in the third quarter valued at about $1,775,000. Vision Capital Corp increased its stake in shares of Brookdale Senior Living by 27.8% during the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company's stock worth $12,483,000 after acquiring an additional 400,000 shares during the period. Victory Capital Management Inc. raised its holdings in Brookdale Senior Living by 5.5% during the third quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company's stock worth $18,778,000 after purchasing an additional 145,283 shares in the last quarter. Finally, Anson Funds Management LP lifted its position in Brookdale Senior Living by 261.6% in the third quarter. Anson Funds Management LP now owns 452,000 shares of the company's stock valued at $3,069,000 after purchasing an additional 327,000 shares during the period.
About Brookdale Senior Living
(
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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.
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