Brookdale Senior Living (NYSE:BKD) Issues Quarterly Earnings Results

Brookdale Senior Living (NYSE:BKD) announced its quarterly earnings data on Thursday. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.30), FiscalAI reports. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The firm had revenue of $813.17 million for the quarter, compared to the consensus estimate of $825.59 million.

Brookdale Senior Living Trading Down 1.7%

NYSE BKD traded down $0.16 during trading hours on Thursday, hitting $9.12. 2,443,209 shares of the company were exchanged, compared to its average volume of 2,900,765. The stock has a market cap of $2.14 billion, a PE ratio of -8.68 and a beta of 0.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87. The stock has a 50-day moving average price of $8.33 and a 200 day moving average price of $7.48. Brookdale Senior Living has a 52 week low of $4.45 and a 52 week high of $9.38.

Institutional Trading of Brookdale Senior Living

A number of institutional investors have recently bought and sold shares of BKD. Strs Ohio bought a new stake in Brookdale Senior Living during the 1st quarter valued at $61,000. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 41.0% during the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock worth $87,000 after purchasing an additional 3,644 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Brookdale Senior Living in the third quarter worth about $96,000. Osaic Holdings Inc. raised its holdings in Brookdale Senior Living by 7.1% in the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock worth $140,000 after purchasing an additional 1,331 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Brookdale Senior Living by 34.2% in the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after buying an additional 6,507 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BKD shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Barclays set a $8.00 target price on shares of Brookdale Senior Living and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.33.

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.