Brookdale Senior Living (BKD) Issues Earnings Results

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Brookdale Senior Living (NYSE:BKD) posted its earnings results on Monday. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08, Briefing.com reports. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.10 billion. Brookdale Senior Living had a negative net margin of 21.80% and a negative return on equity of 13.56%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted ($2.22) EPS.

NYSE BKD opened at $9.26 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.93. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -11.87 and a beta of 1.60. Brookdale Senior Living has a one year low of $6.28 and a one year high of $11.09.

In other Brookdale Senior Living news, Director Marcus E. Bromley bought 6,400 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were acquired at an average price of $7.85 per share, with a total value of $50,240.00. Following the transaction, the director now owns 54,619 shares of the company’s stock, valued at approximately $428,759.15. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BKD. Parametrica Management Ltd purchased a new position in shares of Brookdale Senior Living in the 3rd quarter worth approximately $245,000. Sterling Capital Management LLC grew its position in shares of Brookdale Senior Living by 15.5% in the 3rd quarter. Sterling Capital Management LLC now owns 228,143 shares of the company’s stock worth $2,243,000 after buying an additional 30,622 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Brookdale Senior Living in the 3rd quarter worth approximately $31,954,000. Avestar Capital LLC grew its position in shares of Brookdale Senior Living by 126.2% in the 3rd quarter. Avestar Capital LLC now owns 19,228 shares of the company’s stock worth $171,000 after buying an additional 10,727 shares during the last quarter. Finally, Appleton Partners Inc. MA grew its position in shares of Brookdale Senior Living by 12.1% in the 3rd quarter. Appleton Partners Inc. MA now owns 62,405 shares of the company’s stock worth $613,000 after buying an additional 6,750 shares during the last quarter.

A number of research analysts have commented on the stock. ValuEngine raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Stifel Nicolaus cut their target price on shares of Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Finally, JMP Securities raised their target price on shares of Brookdale Senior Living from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Brookdale Senior Living presently has a consensus rating of “Hold” and an average price target of $9.25.

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Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

Further Reading: Fundamental Analysis and Individual Investors

Earnings History for Brookdale Senior Living (NYSE:BKD)

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