Brookdale Senior Living (NYSE:BKD) Releases Earnings Results, Misses Expectations By $0.01 EPS

Brookdale Senior Living (NYSE:BKD) posted its earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01), FiscalAI reports. Brookdale Senior Living had a negative return on equity of 678.50% and a negative net margin of 6.51%.The business had revenue of $764.86 million during the quarter, compared to the consensus estimate of $771.16 million.

Brookdale Senior Living Stock Down 2.9%

Shares of BKD stock traded down $0.40 during mid-day trading on Friday, reaching $13.17. 2,235,443 shares of the company’s stock traded hands, compared to its average volume of 4,493,659. The company’s 50-day moving average price is $14.10 and its 200-day moving average price is $12.54. The company has a market cap of $3.14 billion, a P/E ratio of -15.32 and a beta of 0.68. Brookdale Senior Living has a 12 month low of $6.26 and a 12 month high of $17.09.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living in the 3rd quarter worth approximately $59,000. Strs Ohio bought a new position in Brookdale Senior Living during the 1st quarter valued at approximately $61,000. Lazard Asset Management LLC increased its position in Brookdale Senior Living by 41.0% during the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock valued at $87,000 after buying an additional 3,644 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Brookdale Senior Living during the third quarter valued at $96,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BKD shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, April 20th. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Stephens started coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price target for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Finally, Barclays upped their price objective on shares of Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.50.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.