Brookdale Senior Living (NYSE:BKD) Trading Down 4.8% – What’s Next?

Brookdale Senior Living Inc. (NYSE:BKD) dropped 4.8% during trading on Tuesday . The stock traded as low as $13.24 and last traded at $13.0370. Approximately 1,178,054 shares were traded during mid-day trading, a decline of 74% from the average session volume of 4,576,581 shares. The stock had previously closed at $13.69.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BKD. Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Compass Point started coverage on Brookdale Senior Living in a research report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, Barclays dropped their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.40.

Brookdale Senior Living Trading Down 6.6%

The company has a market cap of $3.05 billion, a PE ratio of -14.85 and a beta of 0.60. The firm has a 50 day moving average of $14.35 and a two-hundred day moving average of $14.24.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The firm had revenue of $718.58 million for the quarter, compared to analysts’ expectations of $735.63 million. On average, research analysts forecast that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its position 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 buying an additional 2,675 shares during the last quarter. Larson Financial Group LLC bought a new position in Brookdale Senior Living during the 3rd quarter valued at about $59,000. Strs Ohio bought a new position in Brookdale Senior Living during the 1st quarter valued at about $61,000. Persistent Asset Partners Ltd purchased a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at about $66,000. Finally, KBC Group NV bought a new stake in shares of Brookdale Senior Living in the fourth quarter worth approximately $84,000.

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.