Brookdale Senior Living Inc. (NYSE:BKD) was down 8.5% during trading on Monday after the company announced weaker than expected quarterly earnings. The company traded as low as $11.92 and last traded at $12.00, with a volume of 6,932,235 shares trading hands. The stock had previously closed at $13.12.

The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.81. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. Brookdale Senior Living had a positive return on equity of 13.22% and a negative net margin of 9.77%. Brookdale Senior Living’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share.

Several equities analysts have recently weighed in on BKD shares. Jefferies Group LLC reaffirmed a “buy” rating on shares of Brookdale Senior Living in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. ValuEngine cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.86.

Several institutional investors have recently added to or reduced their stakes in BKD. Guggenheim Capital LLC boosted its position in Brookdale Senior Living by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 14,274 shares of the company’s stock valued at $177,000 after buying an additional 530 shares in the last quarter. Norges Bank purchased a new position in Brookdale Senior Living during the fourth quarter valued at $19,737,000. Teachers Advisors LLC boosted its position in Brookdale Senior Living by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 749,118 shares of the company’s stock valued at $9,304,000 after buying an additional 11,402 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in Brookdale Senior Living during the fourth quarter valued at $148,000. Finally, Macquarie Group Ltd. purchased a new position in Brookdale Senior Living during the fourth quarter valued at $11,922,000.

The stock’s market capitalization is $2.23 billion. The firm’s 50-day moving average is $14.55 and its 200-day moving average is $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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