Brookdale Senior Living (NYSE:BKD) Sets New 12-Month Low on Analyst Downgrade

Key Points

• Brookdale shares hit a 52-week low, falling to $8.80 after Barclays cut its price target from $17 to $14, while maintaining an Overweight rating.
• Analyst views remain mixed: the consensus rating is Moderate Buy with an average price target of $15.60, despite recent target cuts from Barclays and Stephens.
• The company missed quarterly expectations, reporting an adjusted loss of $0.06 per share versus a $0.03 loss expected, and revenue of $712.07 million versus $721.26 million forecast.

Shares of Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $17.00 to $14.00. Barclays currently has an overweight rating on the stock. Brookdale Senior Living traded as low as $8.80 and last traded at $8.8450, with a volume of 1,997,880 shares traded. The stock had previously closed at $9.31.

A number of other brokerages have also recently commented on BKD. Zacks Research raised Brookdale Senior Living from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Stephens cut their target price on Brookdale Senior Living from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of "Moderate Buy" and an average target price of $15.60.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky lifted its holdings in Brookdale Senior Living by 2.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 200,441 shares of the company's stock worth $2,171,000 after buying an additional 4,210 shares during the period. Gagnon Advisors LLC purchased a new stake in Brookdale Senior Living during the third quarter valued at approximately $3,989,000. Gagnon Securities LLC purchased a new stake in Brookdale Senior Living in the third quarter worth about $8,005,000. Calamos Advisors LLC purchased a new position in Brookdale Senior Living during the third quarter valued at approximately $110,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Brookdale Senior Living by 86.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 255,285 shares of the company's stock worth $2,765,000 after buying an additional 118,700 shares in the last quarter.

Brookdale Senior Living Stock Down 5.5%

The stock has a fifty day simple moving average of $10.85 and a 200 day simple moving average of $13.25. The firm has a market capitalization of $2.10 billion, a P/E ratio of -55.16, a PEG ratio of 5.39 and a beta of 0.55.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its earnings results on Friday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $712.07 million for the quarter, compared to the consensus estimate of $721.26 million. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. Research analysts anticipate that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents' needs and levels of independence.

Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.

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