Brookdale Senior Living (NYSE:BKD) Shares Gap Down Following Weak Earnings

Key Points

• Brookdale Senior Living shares gapped down to $7.36 following a disappointing earnings report, with a net loss of ($0.18) EPS, missing estimates by ($0.04).
• Analysts have mixed views on the stock, with two sell ratings, one hold rating, and three buy ratings, predicting a consensus target price of $7.80.
• Significant institutional investors, including ANTIPODES PARTNERS Ltd and Flat Footed LLC, have increased their stakes in Brookdale Senior Living during the past quarters.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) shares gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $7.80, but opened at $7.36. Brookdale Senior Living shares last traded at $7.31, with a volume of 1,086,659 shares traded.

The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $812.94 million during the quarter, compared to analyst estimates of $817.63 million. Brookdale Senior Living had a negative net margin of 7.52% and a negative return on equity of 79.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BKD shares. Royal Bank Of Canada restated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Wall Street Zen downgraded Brookdale Senior Living from a "hold" rating to a "sell" rating in a research report on Sunday, July 20th. Finally, Barclays set a $8.00 target price on Brookdale Senior Living and gave the stock an "equal weight" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.80.

Institutional Trading of Brookdale Senior Living

Several large investors have recently added to or reduced their stakes in the business. ANTIPODES PARTNERS Ltd boosted its stake in shares of Brookdale Senior Living by 3.4% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 14,151,773 shares of the company's stock worth $98,504,000 after acquiring an additional 467,273 shares in the last quarter. Flat Footed LLC boosted its stake in shares of Brookdale Senior Living by 84.9% during the 4th quarter. Flat Footed LLC now owns 11,401,757 shares of the company's stock worth $57,351,000 after acquiring an additional 5,235,078 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Brookdale Senior Living by 26.7% during the 4th quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock worth $49,878,000 after acquiring an additional 2,089,242 shares in the last quarter. Rush Island Management LP boosted its stake in shares of Brookdale Senior Living by 62.3% during the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company's stock worth $41,769,000 after acquiring an additional 3,187,294 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Brookdale Senior Living by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company's stock worth $35,916,000 after acquiring an additional 164,239 shares in the last quarter.

Brookdale Senior Living Trading Down 8.9%

The firm has a market capitalization of $1.67 billion, a P/E ratio of -6.85 and a beta of 0.87. The company has a debt-to-equity ratio of 28.85, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50 day moving average price of $7.17 and a two-hundred day moving average price of $6.30.

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.

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