Brookdale Senior Living (BKD) Reaches New 12-Month Low at $6.08

Shares of Brookdale Senior Living, Inc. (NYSE:BKD) hit a new 52-week low on Monday . The company traded as low as $6.08 and last traded at $6.08, with a volume of 2107837 shares. The stock had previously closed at $6.24.

A number of equities analysts have recently commented on BKD shares. ValuEngine upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $10.00 price objective on shares of Brookdale Senior Living in a research note on Tuesday, February 12th. Zacks Investment Research upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research note on Monday, January 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $7.50 price objective on shares of Brookdale Senior Living in a research note on Thursday, February 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.20.

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.12. The company has a market cap of $1.16 billion, a PE ratio of -3.14 and a beta of 1.69.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.97. Brookdale Senior Living had a negative return on equity of 15.69% and a negative net margin of 11.66%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Brookdale Senior Living, Inc. will post -1.33 EPS for the current fiscal year.

In other news, insider Lucinda M. Baier purchased 7,500 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were purchased at an average cost of $7.04 per share, for a total transaction of $52,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James R. Seward purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were purchased at an average price of $7.14 per share, for a total transaction of $71,400.00. The disclosure for this purchase can be found here. Insiders have purchased 46,195 shares of company stock worth $320,904 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Camelot Portfolios LLC acquired a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $67,000. Blueshift Asset Management LLC acquired a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $69,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $73,000. Menta Capital LLC acquired a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $107,000. Finally, Virtu Financial LLC acquired a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $147,000. Hedge funds and other institutional investors own 99.39% of the company’s stock.

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About Brookdale Senior Living (NYSE:BKD)

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 senior citizens.

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