Brookdale Senior Living (NYSE:BKD) Releases Earnings Results, Misses Estimates By $0.32 EPS

Brookdale Senior Living (NYSE:BKD) issued its quarterly earnings data on Thursday. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.32), FiscalAI reports. The business had revenue of $813.17 million during the quarter, compared to the consensus estimate of $825.59 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%.

Brookdale Senior Living Trading Down 1.7%

BKD opened at $9.12 on Friday. Brookdale Senior Living has a 1-year low of $4.45 and a 1-year high of $9.38. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. The company has a market cap of $2.14 billion, a P/E ratio of -8.68 and a beta of 0.96. The company has a fifty day moving average price of $8.33 and a two-hundred day moving average price of $7.48.

Analyst Ratings Changes

BKD has been the topic of several recent research reports. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, October 8th. Finally, Barclays set a $8.00 price objective on Brookdale Senior Living and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.33.

Institutional Trading of Brookdale Senior Living

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKD. Envestnet Asset Management Inc. acquired a new position in Brookdale Senior Living during the 3rd quarter worth approximately $96,000. Osaic Holdings Inc. increased its holdings in shares of Brookdale Senior Living by 7.1% during the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock valued at $140,000 after acquiring an additional 1,331 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Brookdale Senior Living by 328.5% during the second quarter. Tower Research Capital LLC TRC now owns 24,757 shares of the company’s stock worth $172,000 after purchasing an additional 18,979 shares during the period. Voleon Capital Management LP bought a new position in shares of Brookdale Senior Living in the 2nd quarter worth $363,000. Finally, Oxford Asset Management LLP grew its position in Brookdale Senior Living by 30.8% in the 2nd quarter. Oxford Asset Management LLP now owns 64,215 shares of the company’s stock valued at $447,000 after purchasing an additional 15,128 shares during the period.

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.