Brookdale Senior Living, Inc. (NYSE:BKD) saw some unusual options trading activity on Monday. Traders bought 3,961 put options on the stock. This is an increase of 2,558% compared to the typical daily volume of 149 put options.
Brookdale Senior Living (BKD) traded up $0.01 during mid-day trading on Wednesday, reaching $7.36. 1,477,853 shares of the company were exchanged, compared to its average volume of 4,160,000. The stock has a market capitalization of $1,370.00, a P/E ratio of -2.00 and a beta of 1.86. Brookdale Senior Living has a 52-week low of $6.39 and a 52-week high of $15.66. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.97.
Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, February 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookdale Senior Living had a negative return on equity of 8.40% and a negative net margin of 12.04%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.45) EPS. analysts predict that Brookdale Senior Living will post -0.98 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. Stephens set a $16.00 price objective on shares of Brookdale Senior Living and gave the stock a “buy” rating in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a report on Monday, December 18th. Stifel Nicolaus lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $9.00 in a report on Thursday, February 22nd. Royal Bank of Canada lowered shares of Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $13.00 to $8.00 in a research note on Tuesday, February 27th. Finally, Jefferies Group set a $9.00 price objective on shares of Brookdale Senior Living and gave the company a “buy” rating in a research note on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Brookdale Senior Living presently has an average rating of “Hold” and an average price target of $10.80.
In other Brookdale Senior Living news, Director James R. Seward acquired 5,000 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was bought at an average price of $6.68 per share, for a total transaction of $33,400.00. Following the acquisition, the director now owns 102,451 shares in the company, valued at $684,372.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marcus E. Bromley purchased 6,950 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average cost of $7.18 per share, with a total value of $49,901.00. Following the purchase, the director now owns 28,359 shares in the company, valued at $203,617.62. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 36,950 shares of company stock worth $256,401. 1.50% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of BKD. Long Pond Capital LP acquired a new position in Brookdale Senior Living during the fourth quarter worth approximately $23,075,000. Dimensional Fund Advisors LP grew its stake in Brookdale Senior Living by 21.0% during the third quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock worth $126,862,000 after buying an additional 2,080,341 shares during the period. Land & Buildings Investment Management LLC grew its stake in Brookdale Senior Living by 36.3% during the fourth quarter. Land & Buildings Investment Management LLC now owns 6,816,974 shares of the company’s stock worth $66,125,000 after buying an additional 1,816,200 shares during the period. Macquarie Group Ltd. grew its stake in Brookdale Senior Living by 37.0% during the fourth quarter. Macquarie Group Ltd. now owns 6,239,637 shares of the company’s stock worth $60,525,000 after buying an additional 1,684,547 shares during the period. Finally, Cortina Asset Management LLC purchased a new stake in Brookdale Senior Living during the third quarter worth approximately $14,365,000.
TRADEMARK VIOLATION NOTICE: This article was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.thelincolnianonline.com/2018/03/14/brookdale-senior-living-target-of-unusually-high-options-trading-bkd.html.
About Brookdale Senior Living
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
Receive News & Ratings for Brookdale Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.