Brookdale Senior Living (NYSE:BKD) Trading Down 4.8% - Time to Sell?

Key Points

• Brookdale Senior Living shares fell 4.8% to about $13.04 in midday trading, with volume roughly 74% below the average. The stock is trading below its 50-day and 200-day moving averages.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $17.40 target price. Recent calls included a downgrade to “Hold,” a $22 buy target, and Barclays lowering its target from $18 to $17 while maintaining an “Overweight” rating.
• Brookdale beat quarterly EPS expectations by reporting $0.10 versus the projected loss of $0.06, but revenue of $718.6 million fell short of estimates and the company continued to post negative margins and return on equity.

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) shares fell 4.8% during mid-day trading on Tuesday . The company traded as low as $13.24 and last traded at $13.0370. Approximately 1,178,054 shares were traded during trading, a decline of 74% from the average daily volume of 4,576,581 shares. The stock had previously closed at $13.69.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Zacks Research downgraded shares of Brookdale Senior Living from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Compass Point started coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They issued a "buy" rating and a $22.00 price objective for the company. Weiss Ratings lowered shares of Brookdale Senior Living from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, May 27th. Finally, Barclays dropped their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.40.

Brookdale Senior Living Stock Down 6.6%

The firm has a market capitalization of $3.05 billion, a PE ratio of -14.85 and a beta of 0.60. The stock has a 50-day simple moving average of $14.35 and a 200-day simple moving average of $14.24.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. The company had revenue of $718.58 million for the quarter, compared to analyst estimates of $735.63 million. Equities analysts forecast that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently made changes to their positions in BKD. Caitong International Asset Management Co. Ltd boosted its stake in Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock worth $29,000 after buying an additional 2,675 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Brookdale Senior Living during the third quarter valued at about $59,000. Strs Ohio bought a new position in shares of Brookdale Senior Living during the first quarter valued at about $61,000. Persistent Asset Partners Ltd bought a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at about $66,000. Finally, KBC Group NV purchased a new stake in Brookdale Senior Living during the 4th quarter valued at about $84,000.

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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