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

Brookdale Senior Living Inc. (NYSE:BKD) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 10,040,000 shares, a decrease of 7.0% from the October 15th total of 10,790,000 shares. Based on an average daily volume of 2,270,000 shares, the short-interest ratio is currently 4.4 days. Currently, 5.7% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds have recently made changes to their positions in BKD. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Brookdale Senior Living during the third quarter worth approximately $1,775,000. Geode Capital Management LLC grew its holdings in shares of Brookdale Senior Living by 2.1% during the third quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock worth $29,648,000 after buying an additional 89,344 shares in the last quarter. Barclays PLC raised its position in shares of Brookdale Senior Living by 339.9% in the third quarter. Barclays PLC now owns 322,667 shares of the company’s stock valued at $2,192,000 after buying an additional 249,318 shares during the last quarter. Anson Funds Management LP lifted its stake in shares of Brookdale Senior Living by 261.6% in the third 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. Finally, XTX Topco Ltd acquired a new position in Brookdale Senior Living during the third quarter worth about $511,000.

Brookdale Senior Living Trading Up 0.4 %

Shares of BKD stock opened at $5.20 on Wednesday. Brookdale Senior Living has a 1-year low of $5.08 and a 1-year high of $8.12. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -5.65 and a beta of 1.32. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a 50 day simple moving average of $6.21 and a 200-day simple moving average of $6.75.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The company had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. During the same period in the previous year, the business earned ($0.22) earnings per share. On average, equities research analysts expect that Brookdale Senior Living will post -0.7 EPS for the current fiscal year.

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.