Brookdale Senior Living (NYSE:BKD) Shares Down 15.9% – Time to Sell?

Brookdale Senior Living Inc. (NYSE:BKD) shares dropped 15.9% on Thursday . The stock traded as low as $5.43 and last traded at $5.43. Approximately 711,218 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 2,012,469 shares. The stock had previously closed at $6.46.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BKD. Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target on the stock. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Macquarie reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Trading Down 10.8 %

The company’s fifty day moving average price is $6.48 and its 200-day moving average price is $6.85. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -5.90 and a beta of 1.32. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The company had revenue of $777.54 million during the quarter. During the same period in the prior year, the company posted ($0.15) earnings per share. On average, research analysts expect that Brookdale Senior Living Inc. will post -0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently bought and sold shares of BKD. Assenagon Asset Management S.A. acquired a new stake in shares of Brookdale Senior Living in the second quarter worth $9,603,000. Hennessy Advisors Inc. acquired a new stake in Brookdale Senior Living during the 2nd quarter worth about $8,513,000. American Century Companies Inc. raised its stake in shares of Brookdale Senior Living by 63.6% during the 2nd quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock valued at $21,582,000 after buying an additional 1,228,473 shares during the last quarter. Iron Triangle Partners LP lifted its holdings in shares of Brookdale Senior Living by 21.4% in the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock valued at $38,986,000 after buying an additional 1,038,353 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Brookdale Senior Living in the second quarter worth about $3,998,000.

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.