Brookdale Senior Living Inc. (NYSE:BKD) gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $11.42, but opened at $12.00. Brookdale Senior Living shares last traded at $12.95, with a volume of 4,116,073 shares trading hands.

The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.56 by $0.79. Brookdale Senior Living had a positive return on equity of 13.22% and a negative net margin of 9.77%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business posted ($0.19) EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Monday, July 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.50 price target on shares of Brookdale Senior Living in a research report on Friday, July 14th. BidaskClub cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Stifel Nicolaus cut their target price on shares of Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.29.

A number of institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Brookdale Senior Living by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock worth $102,000 after buying an additional 761 shares in the last quarter. Opera Trading Capital acquired a new position in shares of Brookdale Senior Living during the second quarter worth about $110,000. Terra Nova Asset Management LLC acquired a new position in shares of Brookdale Senior Living during the first quarter worth about $134,000. Highbridge Capital Management LLC acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth about $148,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Brookdale Senior Living during the first quarter worth about $159,000.

The firm’s market cap is $2.43 billion. The stock has a 50-day moving average price of $14.55 and a 200 day moving average price of $14.02.

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About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

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