Brookdale Senior Living Inc. (NYSE:BKD - Get Rating) - Analysts at Jefferies Financial Group reduced their Q2 2022 EPS estimates for shares of Brookdale Senior Living in a research note issued to investors on Wednesday, May 11th. Jefferies Financial Group analyst B. Tanquilut now expects that the company will post earnings of ($0.45) per share for the quarter, down from their prior forecast of ($0.30). Jefferies Financial Group also issued estimates for Brookdale Senior Living's Q3 2022 earnings at ($0.39) EPS, Q4 2022 earnings at ($0.37) EPS, FY2022 earnings at ($1.71) EPS and FY2023 earnings at ($1.05) EPS. Brookdale Senior Living (NYSE:BKD - Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.22). Brookdale Senior Living had a negative return on equity of 47.08% and a negative net margin of 3.39%. During the same period in the prior year, the firm earned ($0.59) EPS.
Several other research analysts have also recently weighed in on the company. StockNews.com raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Tuesday, April 26th. Zacks Investment Research raised shares of Brookdale Senior Living from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Brookdale Senior Living currently has a consensus rating of "Hold" and an average price target of $10.00.
NYSE:BKD opened at $5.56 on Friday. The stock's 50-day simple moving average is $6.80 and its 200 day simple moving average is $6.22. Brookdale Senior Living has a twelve month low of $4.64 and a twelve month high of $8.95. The firm has a market capitalization of $1.04 billion, a PE ratio of -10.30 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 0.83 and a debt-to-equity ratio of 6.96.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Brookdale Senior Living by 25.7% in the first quarter. BlackRock Inc. now owns 30,796,560 shares of the company's stock valued at $217,115,000 after purchasing an additional 6,299,168 shares in the last quarter. Diameter Capital Partners LP boosted its holdings in Brookdale Senior Living by 1,151.7% in the fourth quarter. Diameter Capital Partners LP now owns 5,301,641 shares of the company's stock valued at $27,356,000 after purchasing an additional 4,878,084 shares in the last quarter. Conversant Capital LLC acquired a new position in Brookdale Senior Living in the fourth quarter valued at approximately $11,610,000. Deerfield Management Company L.P. Series C boosted its holdings in shares of Brookdale Senior Living by 59.3% in the third quarter. Deerfield Management Company L.P. Series C now owns 5,252,800 shares of the company's stock valued at $33,093,000 after acquiring an additional 1,954,800 shares during the period. Finally, Norges Bank acquired a new stake in shares of Brookdale Senior Living in the fourth quarter valued at approximately $8,503,000. Hedge funds and other institutional investors own 99.36% of the company's stock.
In related news, CEO Lucinda M. Baier sold 73,991 shares of Brookdale Senior Living stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $6.76, for a total value of $500,179.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is owned by insiders.
About Brookdale Senior Living (Get Rating)
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Brookdale Senior Living, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookdale Senior Living wasn't on the list.
While Brookdale Senior Living currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here