Brookdale Senior Living (NYSE:BKD) Hits New 52-Week Low – What’s Next?

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.87 and last traded at $4.96, with a volume of 286033 shares. The stock had previously closed at $5.00.

Analyst Upgrades and Downgrades

BKD has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Friday, December 20th. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price for the company. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Macquarie reiterated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Up 1.2 %

The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $974.15 million, a PE ratio of -5.32 and a beta of 1.31. The business’s fifty day simple moving average is $5.43 and its two-hundred day simple moving average is $6.38.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter in the prior year, the company posted ($0.22) EPS. On average, analysts predict that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the sale, the director now directly owns 211,382 shares of the company’s stock, valued at $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKD. Headlands Technologies LLC purchased a new position in Brookdale Senior Living during the second quarter worth about $26,000. Sei Investments Co. purchased a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at approximately $81,000. Quest Partners LLC acquired a new position in Brookdale Senior Living in the third quarter valued at approximately $104,000. Algert Global LLC purchased a new position in Brookdale Senior Living in the second quarter worth approximately $124,000. Finally, Principal Financial Group Inc. increased its stake in Brookdale Senior Living by 15.8% during the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after acquiring an additional 3,390 shares during the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.