Brookdale Senior Living Inc. (NYSE:BKD) Sees Significant Increase in Short Interest

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 28,118,507 shares, a growth of 34.5% from the January 29th total of 20,898,922 shares. Currently, 12.0% of the shares of the company are sold short. Based on an average daily volume of 6,810,545 shares, the days-to-cover ratio is currently 4.1 days. Based on an average daily volume of 6,810,545 shares, the days-to-cover ratio is currently 4.1 days. Currently, 12.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BKD shares. Zacks Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Finally, Citigroup upgraded Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Brookdale Senior Living has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Institutional Investors Weigh In On Brookdale Senior Living

Several institutional investors and hedge funds have recently bought and sold shares of BKD. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after acquiring an additional 2,675 shares during the period. FNY Investment Advisers LLC bought a new position in Brookdale Senior Living during the fourth quarter worth about $62,000. Larson Financial Group LLC bought a new position in Brookdale Senior Living during the third quarter worth about $59,000. KBC Group NV acquired a new stake in Brookdale Senior Living during the fourth quarter valued at approximately $84,000. Finally, Covestor Ltd grew its stake in shares of Brookdale Senior Living by 55.8% in the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after purchasing an additional 3,428 shares during the period.

Brookdale Senior Living Stock Performance

BKD traded down $0.18 on Monday, hitting $15.12. 4,290,134 shares of the stock traded hands, compared to its average volume of 5,774,458. The business has a fifty day moving average price of $13.35 and a two-hundred day moving average price of $10.53. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 39.87. The firm has a market capitalization of $3.59 billion, a PE ratio of -13.62 and a beta of 0.68. Brookdale Senior Living has a 52 week low of $4.97 and a 52 week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The firm had revenue of $754.09 million for the quarter, compared to analyst estimates of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. On average, research analysts predict that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

About Brookdale Senior Living

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.