Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) saw strong trading volume on Friday . 1,547,731 shares changed hands during trading, a decline of 23% from the previous session's volume of 2,004,737 shares.The stock last traded at $4.94 and had previously closed at $4.92.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Bank of America downgraded shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Royal Bank of Canada restated an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Macquarie restated an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Finally, Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research note 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. According to data from MarketBeat, Brookdale Senior Living currently has a consensus rating of "Hold" and an average target price of $7.50.
Check Out Our Latest Stock Analysis on BKD
Brookdale Senior Living Price Performance
The company's 50 day moving average price is $5.19 and its 200-day moving average price is $6.20. The company has a market cap of $981.11 million, a price-to-earnings ratio of -5.35 and a beta of 1.31. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data 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 business 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 prior year, the firm earned ($0.22) EPS. On average, equities research analysts forecast that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current fiscal year.
Insider Transactions at Brookdale Senior Living
In other news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the transaction, the director now directly owns 211,382 shares of the company's stock, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp boosted its holdings in shares of Brookdale Senior Living by 9.2% during the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company's stock worth $218,000 after purchasing an additional 2,697 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Brookdale Senior Living by 13.8% during the third quarter. SG Americas Securities LLC now owns 43,053 shares of the company's stock worth $292,000 after purchasing an additional 5,208 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Brookdale Senior Living by 6.9% during 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 acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth approximately $33,000. Finally, Aigen Investment Management LP boosted its holdings in shares of Brookdale Senior Living by 69.5% during the third quarter. Aigen Investment Management LP now owns 25,960 shares of the company's stock worth $176,000 after purchasing an additional 10,647 shares during the period.
Brookdale Senior Living Company Profile
(
Get Free Report)
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.
See Also
Before you consider Brookdale Senior Living, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookdale Senior Living wasn't on the list.
While Brookdale Senior Living currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
