Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) Director Lee S. Wielansky sold 10,000 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was 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 in the company, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Brookdale Senior Living Price Performance
Shares of Brookdale Senior Living stock traded down $0.05 during trading on Friday, reaching $5.55. The company's stock had a trading volume of 1,633,277 shares, compared to its average volume of 2,029,392. The business has a 50 day moving average price of $5.93 and a 200-day moving average price of $6.63. Brookdale Senior Living Inc. has a 12-month low of $5.08 and a 12-month high of $8.12. The company has a market capitalization of $1.11 billion, a P/E ratio of -5.98 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million for 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 last year, the company earned ($0.22) earnings per share. As a group, sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.7 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Macquarie restated an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 price target for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.75.
Read Our Latest Stock Report on BKD
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its stake in shares of Brookdale Senior Living by 9.2% during the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company's stock worth $218,000 after acquiring an additional 2,697 shares in the last quarter. Diversified Trust Co grew its holdings in Brookdale Senior Living by 7.7% in the second quarter. Diversified Trust Co now owns 42,567 shares of the company's stock valued at $291,000 after purchasing an additional 3,056 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Brookdale Senior Living by 15.8% in the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company's stock valued at $170,000 after buying an additional 3,390 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth $25,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter worth about $26,000.
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.
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