Brookdale Senior Living (NYSE:BKD) Reaches New 12-Month Low – Should You Sell?

Brookdale Senior Living Inc. (NYSE:BKD) reached a new 52-week low during trading on Tuesday . The company traded as low as $4.87 and last traded at $4.96, with a volume of 286033 shares changing hands. The stock had previously closed at $5.00.

Analyst Upgrades and Downgrades

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

Brookdale Senior Living Price Performance

The company’s 50-day simple moving average is $5.43 and its 200 day simple moving average is $6.38. The company has a market cap of $974.15 million, a PE ratio of -5.32 and a beta of 1.31. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81.

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

Insider Activity at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the transaction, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BKD. Bank of New York Mellon Corp increased its position in Brookdale Senior Living by 7.2% during the second quarter. Bank of New York Mellon Corp now owns 683,595 shares of the company’s stock worth $4,669,000 after buying an additional 45,738 shares during the period. Principal Financial Group Inc. grew its position in Brookdale Senior Living by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after purchasing an additional 3,390 shares during the last quarter. Headlands Technologies LLC acquired a new position in Brookdale Senior Living in the second quarter valued at $26,000. American Century Companies Inc. grew its holdings in shares of Brookdale Senior Living by 63.6% during the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after buying an additional 1,228,473 shares during the last quarter. Finally, Highland Peak Capital LLC lifted its stake in shares of Brookdale Senior Living by 16.4% in the 2nd quarter. Highland Peak Capital LLC now owns 799,186 shares of the company’s stock worth $5,458,000 after acquiring an additional 112,567 shares during the period.

Brookdale Senior Living Company Profile

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.