Brookdale Senior Living (NYSE:BKD) Stock Price Down 3.2% - Time to 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 stock price traded down 3.2% during trading on Thursday . The stock traded as low as $7.44 and last traded at $7.40. 314,387 shares changed hands during trading, a decline of 89% from the average session volume of 2,888,985 shares. The stock had previously closed at $7.64.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays set a $8.00 target price on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Royal Bank Of Canada reissued an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Finally, Wall Street Zen raised shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Brookdale Senior Living has a consensus rating of "Hold" and an average target price of $7.80.

Brookdale Senior Living Trading Down 1.9%

The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $1.72 billion, a PE ratio of -7.00 and a beta of 0.91. The stock's 50 day simple moving average is $7.58 and its two-hundred day simple moving average is $6.79.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The company 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, sell-side analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Institutional Trading of Brookdale Senior Living

A number of institutional investors have recently modified their holdings of BKD. GAMMA Investing LLC lifted its stake in shares of Brookdale Senior Living by 1,999.4% during the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after buying an additional 6,838 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Brookdale Senior Living during the 1st quarter valued at approximately $47,000. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 6,029.2% during the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after buying an additional 9,707 shares in the last quarter. Strs Ohio purchased a new stake in shares of Brookdale Senior Living during the 1st quarter valued at approximately $61,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Brookdale Senior Living during the 4th quarter valued at approximately $80,000.

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.