Brookdale Senior Living (NYSE:BKD) Sees Large Volume Increase

Brookdale Senior Living, Inc. (NYSE:BKD) shares saw strong trading volume on Wednesday . 6,359,233 shares traded hands during mid-day trading, an increase of 441% from the previous session’s volume of 1,176,307 shares.The stock last traded at $8.39 and had previously closed at $6.93.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Thursday, February 13th. ValuEngine raised Brookdale Senior Living from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Barclays cut their target price on Brookdale Senior Living from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th.

The company has a market cap of $1.29 billion, a PE ratio of -33.56 and a beta of 1.53. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 6.73. The company has a 50-day moving average of $7.04 and a 200-day moving average of $7.48.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, February 18th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.24). The company had revenue of $986.64 million for the quarter, compared to analysts’ expectations of $1 billion. Brookdale Senior Living had a negative net margin of 1.09% and a negative return on equity of 24.04%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. As a group, equities analysts predict that Brookdale Senior Living, Inc. will post -1.12 EPS for the current year.

Several large investors have recently made changes to their positions in BKD. Metropolitan Life Insurance Co NY boosted its position in Brookdale Senior Living by 3.7% in the third quarter. Metropolitan Life Insurance Co NY now owns 61,269 shares of the company’s stock worth $464,000 after purchasing an additional 2,161 shares during the last quarter. Amalgamated Bank boosted its position in Brookdale Senior Living by 8.6% in the fourth quarter. Amalgamated Bank now owns 29,286 shares of the company’s stock worth $213,000 after purchasing an additional 2,316 shares during the last quarter. California State Teachers Retirement System boosted its position in Brookdale Senior Living by 1.1% in the third quarter. California State Teachers Retirement System now owns 287,287 shares of the company’s stock worth $2,178,000 after purchasing an additional 3,075 shares during the last quarter. Successful Portfolios LLC boosted its position in Brookdale Senior Living by 27.4% in the fourth quarter. Successful Portfolios LLC now owns 15,432 shares of the company’s stock worth $112,000 after purchasing an additional 3,316 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Brookdale Senior Living by 925.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,100 shares of the company’s stock worth $30,000 after purchasing an additional 3,700 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

About Brookdale Senior Living (NYSE:BKD)

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 senior citizens.

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