Brookdale Senior Living (NYSE:BKD) Shares Down 15.9% - Time to Sell?

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) shares dropped 15.9% on Thursday . The stock traded as low as $5.43 and last traded at $5.43. Approximately 711,218 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 2,012,469 shares. The stock had previously closed at $6.46.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BKD. Royal Bank of Canada reiterated an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 price target on the stock. Bank of America cut Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Macquarie reiterated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of "Hold" and an average target price of $7.75.

Brookdale Senior Living Trading Down 10.8 %

The company's fifty day moving average price is $6.48 and its 200-day moving average price is $6.85. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -5.90 and a beta of 1.32. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04). Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The company had revenue of $777.54 million during the quarter. During the same period in the prior year, the company posted ($0.15) earnings per share. On average, research analysts expect that Brookdale Senior Living Inc. will post -0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently bought and sold shares of BKD. Assenagon Asset Management S.A. acquired a new stake in shares of Brookdale Senior Living in the second quarter worth $9,603,000. Hennessy Advisors Inc. acquired a new stake in Brookdale Senior Living during the 2nd quarter worth about $8,513,000. American Century Companies Inc. raised its stake in shares of Brookdale Senior Living by 63.6% during the 2nd quarter. American Century Companies Inc. now owns 3,159,898 shares of the company's stock valued at $21,582,000 after buying an additional 1,228,473 shares during the last quarter. Iron Triangle Partners LP lifted its holdings in shares of Brookdale Senior Living by 21.4% in the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company's stock valued at $38,986,000 after buying an additional 1,038,353 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Brookdale Senior Living in the second quarter worth about $3,998,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.