Brookdale Senior Living (NYSE:BKD) Hits New 1-Year Low

Brookdale Senior Living Inc. (NYSE:BKD) experienced a significant drop in its stock price, reaching a new 52-week low during trading on Wednesday. At its lowest, shares traded at $4.67, with the final trading price settling at $4.77. This decline came after the stock had closed at $4.87 the previous day, marking a notable decrease in its market position.

Analyst Ratings Changes

Recent analyst reviews have provided mixed opinions on Brookdale Senior Living. Notably, Macquarie reaffirmed an "outperform" rating, setting a price target of $8.00 for the shares. Meanwhile, Bank of America revised their stance from "neutral" to "underperform," lowering their target price from $7.75 to $6.00. Jefferies Financial Group also entered coverage of Brookdale, issuing a "buy" rating with an $8.00 target. In total, two analysts have given the stock a sell rating while three have rated it as a buy. Currently, analysts have a consensus rating of "Hold" on Brookdale, with an average price target of $7.50.

Brookdale Senior Living Trading Down 2.5 %

The company has a market capitalization of approximately $922.34 million, a negative price-to-earnings ratio of -5.03, and a beta value of 1.31, indicating some volatility. Brookdale's debt-to-equity ratio stands at a high 14.46, with a current ratio and quick ratio both at 0.81. As for trading averages, the stock's 50-day moving average is $5.16 and its 200-day moving average is at $6.14.

On November 6, Brookdale Senior Living reported its quarterly earnings, revealing a loss of $0.22 per share, which was below the consensus estimate of a $0.16 loss. The company's net margin was negative at 6.75%, and the return on equity was also negative at 59.06%. Revenue for the quarter amounted to $784.17 million, falling short of analysts' expectations of $785.61 million. For the year ahead, analysts estimate an EPS of -0.68 for Brookdale.

Insider Buying and Selling

In terms of insider trading, Director Lee S. Wielansky sold 10,000 shares of Brookdale on December 5 at an average price of $5.62, totaling $56,200. Following this transaction, Wielansky retains ownership of 211,382 shares valued at around $1,187,966. Insiders currently hold about 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

Institutional interest in Brookdale has seen some activity as well. Adelante Capital Management LLC acquired a new stake in the company worth approximately $12,076,000 in the third quarter. Rush Island Management LP increased its holding by 31.9%, owning 5,116,632 shares worth $34,742,000 after acquiring an additional 1,237,727 shares. Wellington Management Group LLP and other institutional investors have made moves to increase their stakes as well, indicating ongoing interest in the company despite its recent stock decline.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc. specializes in owning, managing, and operating senior living facilities across the United States. The company features three main segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). Its Independent Living segment primarily caters to middle to upper-income seniors.

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