Brookdale Senior Living (NYSE:BKD) Sees Strong Trading Volume – Should You Buy?

Brookdale Senior Living Inc. (NYSE:BKD) saw strong trading volume on Friday . 1,547,731 shares were traded during trading, a decline of 23% from the previous session’s volume of 2,004,737 shares.The stock last traded at $4.94 and had previously closed at $4.92.

Analysts Set New Price Targets

BKD has been the topic of several recent research reports. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living presently has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Stock Up 2.9 %

The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -5.51 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The firm has a fifty day moving average price of $5.21 and a 200-day moving average price of $6.23.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period in the previous year, the business posted ($0.22) earnings per share. As a group, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.68 EPS for the current year.

Insider Buying and Selling at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the transaction, the director now directly owns 211,382 shares of the company’s stock, valued at $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Brookdale Senior Living by 449.5% in the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock valued at $927,000 after buying an additional 111,686 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Brookdale Senior Living in the third quarter valued at approximately $1,775,000. Vision Capital Corp raised its holdings in shares of Brookdale Senior Living by 27.8% during the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock valued at $12,483,000 after buying an additional 400,000 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Brookdale Senior Living by 5.5% during the third quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock worth $18,778,000 after buying an additional 145,283 shares during the period. Finally, Anson Funds Management LP grew its holdings in Brookdale Senior Living by 261.6% in the 3rd quarter. Anson Funds Management LP now owns 452,000 shares of the company’s stock worth $3,069,000 after buying an additional 327,000 shares in the last quarter.

About Brookdale Senior Living

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.