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

Key Points

• Brookdale reported EPS of ($0.03), missing estimates of ($0.02), with revenue of $764.9M versus $771.2M expected, and posted a negative net margin (-8.22%) and negative ROE (-305.28%).
• Shares traded up to $14.20 intraday; the stock has a market capitalization of $3.39B, a one‑year range of $6.07–$17.09, and a negative trailing PE of -12.79.
• Wall Street sentiment has recently turned more positive with several upgrades to Buy/Overweight; consensus is a “Moderate Buy” with an average price target of $16.50 (some analysts at $18).

Brookdale Senior Living (NYSE:BKD - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01), FiscalAI reports. The firm had revenue of $764.86 million during the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%.

Brookdale Senior Living Stock Performance

BKD traded up $0.17 during mid-day trading on Wednesday, reaching $14.20. 3,582,972 shares of the stock were exchanged, compared to its average volume of 4,459,020. Brookdale Senior Living has a 1 year low of $6.07 and a 1 year high of $17.09. The stock has a market capitalization of $3.39 billion, a PE ratio of -12.79 and a beta of 0.68. The company has a 50 day moving average price of $14.16 and a two-hundred day moving average price of $12.47.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BKD. Osaic Holdings Inc. boosted its holdings in Brookdale Senior Living by 7.1% during 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 during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock valued at $29,000 after buying an additional 2,675 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Brookdale Senior Living by 4.6% during the 4th quarter. Mackenzie Financial Corp now owns 63,893 shares of the company's stock worth $686,000 after buying an additional 2,811 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Brookdale Senior Living by 4.2% in the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 84,804 shares of the company's stock worth $915,000 after buying an additional 3,440 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Brookdale Senior Living by 41.0% in the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company's stock worth $87,000 after buying an additional 3,644 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BKD shares. Bank of America upgraded Brookdale Senior Living from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $6.75 to $13.00 in a report on Tuesday, January 6th. Citigroup upgraded Brookdale Senior Living to a "buy" rating in a report on Tuesday, January 6th. Barclays boosted their price objective on Brookdale Senior Living to $18.00 and gave the company an "overweight" rating in a report on Tuesday, February 3rd. Stephens started coverage on Brookdale Senior Living in a report on Thursday, April 9th. They set an "overweight" rating and a $18.00 price objective for the company. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Brookdale Senior Living in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of "Moderate Buy" and an average price target of $16.50.

About Brookdale Senior Living

Brookdale Senior Living Inc NYSE: BKD is one of the nation's largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.

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