Brookdale Senior Living (NYSE:BKD) announced its earnings results on Monday. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.08, Briefing.com reports. Brookdale Senior Living had a negative net margin of 21.80% and a negative return on equity of 13.56%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted ($2.22) earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis.
NYSE BKD opened at $9.20 on Tuesday. The company has a debt-to-equity ratio of 4.93, a current ratio of 0.75 and a quick ratio of 0.75. Brookdale Senior Living has a 52-week low of $6.28 and a 52-week high of $11.09.
In related news, Director Marcus E. Bromley purchased 6,400 shares of Brookdale Senior Living stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average cost of $7.85 per share, with a total value of $50,240.00. Following the completion of the transaction, the director now directly owns 54,619 shares of the company’s stock, valued at $428,759.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY lifted its position in shares of Brookdale Senior Living by 1,050.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 61,305 shares of the company’s stock worth $557,000 after purchasing an additional 55,978 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Brookdale Senior Living in the second quarter worth approximately $254,000. Macquarie Group Ltd. lifted its position in shares of Brookdale Senior Living by 11.4% in the second quarter. Macquarie Group Ltd. now owns 6,970,170 shares of the company’s stock worth $63,358,000 after purchasing an additional 712,746 shares in the last quarter. Fosun International Ltd lifted its position in shares of Brookdale Senior Living by 1.1% in the second quarter. Fosun International Ltd now owns 15,268,447 shares of the company’s stock worth $138,791,000 after purchasing an additional 168,558 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Brookdale Senior Living in the second quarter worth approximately $789,000.
Several research analysts have commented on BKD shares. Zacks Investment Research cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Stifel Nicolaus decreased their target price on shares of Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. ValuEngine upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Finally, JMP Securities raised their target price on shares of Brookdale Senior Living from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.25.
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About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
Further Reading: Institutional Investors
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