Brookdale Senior Living (NYSE:BKD) Sets New 52-Week Low – Should You Sell?

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $4.51 and last traded at $4.60, with a volume of 1982272 shares changing hands. The stock had previously closed at $4.63.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BKD shares. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their target price for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group started coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Friday, December 20th. Finally, Macquarie reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Price Performance

The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $915.37 million, a price-to-earnings ratio of -4.99 and a beta of 1.29. The business has a fifty day moving average price of $5.13 and a 200 day moving average price of $6.08.

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

Insiders Place Their Bets

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 stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Brookdale Senior Living by 449.5% in the 3rd 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 bought a new stake in shares of Brookdale Senior Living in the 3rd quarter valued at about $1,775,000. Vision Capital Corp grew its position in shares of Brookdale Senior Living by 27.8% in the 3rd 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. Hedges Asset Management LLC boosted its position in shares of Brookdale Senior Living by 28.0% during the 4th quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock valued at $1,333,000 after purchasing an additional 58,000 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Brookdale Senior Living by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock valued at $18,778,000 after purchasing an additional 145,283 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.