Brookdale Senior Living Inc. (NYSE:BKD) Short Interest Update

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 14,290,000 shares, a decrease of 8.7% from the May 31st total of 15,660,000 shares. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is presently 8.4 days. Currently, 8.4% of the company’s stock are sold short.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock traded up $0.03 during mid-day trading on Wednesday, reaching $7.36. 617,339 shares of the company traded hands, compared to its average volume of 1,824,309. The company has a debt-to-equity ratio of 10.23, a current ratio of 0.84 and a quick ratio of 0.84. Brookdale Senior Living has a fifty-two week low of $3.43 and a fifty-two week high of $7.62. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -9.56 and a beta of 1.31. The firm’s fifty day moving average is $6.83 and its two-hundred day moving average is $6.28.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. Brookdale Senior Living had a negative net margin of 5.71% and a negative return on equity of 44.72%. The business had revenue of $782.83 million for the quarter. On average, equities research analysts expect that Brookdale Senior Living will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Brookdale Senior Living

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC grew its position in Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after buying an additional 2,790 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Brookdale Senior Living during the fourth quarter valued at $104,000. Aigen Investment Management LP acquired a new stake in Brookdale Senior Living during the fourth quarter valued at $109,000. SG Americas Securities LLC acquired a new stake in Brookdale Senior Living during the first quarter valued at $130,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Brookdale Senior Living during the fourth quarter valued at $160,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKD. StockNews.com cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Macquarie initiated coverage on shares of Brookdale Senior Living in a research report on Friday, June 28th. They set an “outperform” rating and a $7.50 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Brookdale Senior Living has a consensus rating of “Hold” and a consensus price target of $7.50.

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.