Brookdale Senior Living Inc. (NYSE:BKD) Short Interest Update

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 10,040,000 shares, a decline of 7.0% from the October 15th total of 10,790,000 shares. Based on an average daily volume of 2,270,000 shares, the short-interest ratio is presently 4.4 days. Approximately 5.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

BKD has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a "buy" rating and a $8.00 price objective on the stock. Bank of America cut shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Macquarie restated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report 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 company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in Brookdale Senior Living during the second quarter worth about $26,000. Innealta Capital LLC acquired a new stake in shares of Brookdale Senior Living during the second quarter worth about $52,000. Sei Investments Co. purchased a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $81,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after purchasing an additional 2,790 shares in the last quarter.

Brookdale Senior Living Trading Down 1.0 %

Shares of NYSE:BKD traded down $0.05 during midday trading on Monday, reaching $5.18. 2,024,493 shares of the company's stock were exchanged, compared to its average volume of 2,046,073. The firm's 50 day simple moving average is $6.27 and its two-hundred day simple moving average is $6.79. Brookdale Senior Living has a fifty-two week low of $5.09 and a fifty-two week high of $8.12. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.79. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -5.63 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The company 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 last year, the firm posted ($0.22) earnings per share. As a group, sell-side analysts forecast that Brookdale Senior Living will post -0.7 EPS for the current fiscal year.

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.