Brookdale Senior Living (NYSE:BKD) Sees Unusually-High Trading Volume - Here's Why

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) saw an uptick in trading volume on Thursday . 14,635,950 shares were traded during mid-day trading, an increase of 455% from the previous session's volume of 2,636,196 shares.The stock last traded at $5.84 and had previously closed at $5.89.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BKD shares. Royal Bank of Canada reiterated an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Macquarie reissued an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. 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.com, Brookdale Senior Living has a consensus rating of "Hold" and an average price target of $7.50.

Brookdale Senior Living Price Performance

The stock has a 50-day simple moving average of $5.41 and a 200 day simple moving average of $5.63. The stock has a market capitalization of $1.25 billion, a P/E ratio of -7.03 and a beta of 1.31. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). The company had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. On average, equities analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Remove Ads

Hedge Funds Weigh In On Brookdale Senior Living

A number of large investors have recently bought and sold shares of the company. Flat Footed LLC grew its position in Brookdale Senior Living by 84.9% in the fourth quarter. Flat Footed LLC now owns 11,401,757 shares of the company's stock valued at $57,351,000 after purchasing an additional 5,235,078 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Brookdale Senior Living by 86.5% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company's stock valued at $38,031,000 after acquiring an additional 3,507,044 shares in the last quarter. Rush Island Management LP increased its position in shares of Brookdale Senior Living by 62.3% in the fourth quarter. Rush Island Management LP now owns 8,303,926 shares of the company's stock valued at $41,769,000 after acquiring an additional 3,187,294 shares during the last quarter. Wellington Management Group LLP raised its holdings in Brookdale Senior Living by 26.7% during the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock worth $49,878,000 after acquiring an additional 2,089,242 shares in the last quarter. Finally, Adelante Capital Management LLC bought a new position in Brookdale Senior Living in the third quarter valued at approximately $12,076,000.

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.