Brookdale Senior Living (NYSE:BKD) Shares Down 3.2% - Should You Sell?

Key Points

• Brookdale Senior Living shares dropped by 3.2%, trading at $7.40, with a significant decline in trading volume, down 89% from its average session.
• Recent analyst ratings for BKD show a mixed outlook, with three analysts giving a Buy rating, one a Hold, and one a Sell, while the average price target is set at $7.80.
• The company reported a quarterly earnings loss of ($0.18) EPS, below the expected ($0.14) EPS, and is currently predicted to continue reporting losses for the fiscal year.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s share price fell 3.2% on Thursday . The company traded as low as $7.44 and last traded at $7.40. 314,387 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 2,888,985 shares. The stock had previously closed at $7.64.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BKD. Wall Street Zen raised shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Finally, Barclays set a $8.00 price target on shares of Brookdale Senior Living and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of "Hold" and an average price target of $7.80.

Brookdale Senior Living Trading Down 2.3%

The company has a market cap of $1.75 billion, a PE ratio of -7.11 and a beta of 0.91. 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 business has a 50-day simple moving average of $7.54 and a 200-day simple moving average of $6.74.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The firm had revenue of $812.94 million during the quarter, compared to analysts' expectations of $817.63 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. On average, analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Institutional Trading of Brookdale Senior Living

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Brookdale Senior Living by 1,999.4% in the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock worth $45,000 after acquiring an additional 6,838 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Brookdale Senior Living in the first quarter worth $47,000. Lazard Asset Management LLC grew its stake in shares of Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock worth $49,000 after acquiring an additional 9,707 shares in the last quarter. Strs Ohio acquired a new position in shares of Brookdale Senior Living in the first quarter worth $61,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth $80,000.

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.

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