Brookdale Senior Living (NYSE:BKD) Sees Large Volume Increase – Here’s Why

Shares of Brookdale Senior Living Inc. (NYSE:BKD) saw an uptick in trading volume on Friday . 1,547,731 shares traded hands during trading, a decline of 23% from the previous session’s volume of 2,004,737 shares.The stock last traded at $4.94 and had previously closed at $4.92.

Wall Street Analysts Forecast Growth

BKD has been the subject of several recent research reports. Macquarie reissued an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday, December 20th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective for the company. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, Brookdale Senior Living presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Trading Up 2.9 %

The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -5.51 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The company has a 50-day moving average price of $5.21 and a 200 day moving average price of $6.23.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same quarter in the prior year, the company earned ($0.22) EPS. As a group, research analysts anticipate that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new stake in shares of Brookdale Senior Living during the 4th quarter worth about $33,000. Sei Investments Co. bought a new stake in Brookdale Senior Living during the second quarter worth approximately $81,000. Quest Partners LLC bought a new position in shares of Brookdale Senior Living in the third quarter valued at approximately $104,000. Algert Global LLC acquired a new stake in shares of Brookdale Senior Living in the second quarter worth $124,000. Finally, Aigen Investment Management LP boosted its holdings in shares of Brookdale Senior Living by 69.5% during the 3rd quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock worth $176,000 after buying an additional 10,647 shares during the period.

Brookdale Senior Living Company Profile

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.