Brookdale Senior Living (NYSE:BKD) Posts Earnings Results, Beats Estimates By $0.16 EPS

Brookdale Senior Living (NYSE:BKD) announced its quarterly earnings data on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16, FiscalAI reports. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The company had revenue of $718.58 million during the quarter, compared to the consensus estimate of $735.63 million.

Brookdale Senior Living Trading Down 8.1%

NYSE BKD opened at $12.58 on Wednesday. The stock’s 50 day moving average is $14.36 and its 200 day moving average is $14.24. Brookdale Senior Living has a 12 month low of $7.03 and a 12 month high of $17.09. The stock has a market cap of $3.00 billion, a PE ratio of -21.69 and a beta of 0.60.

Institutional Investors Weigh In On Brookdale Senior Living

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after buying an additional 2,282,151 shares during the last quarter. Maple Rock Capital Partners Inc. raised its holdings in shares of Brookdale Senior Living by 34.9% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock worth $91,683,000 after acquiring an additional 2,199,000 shares in the last quarter. Millennium Management LLC boosted its position in shares of Brookdale Senior Living by 124.0% during the 3rd quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock valued at $20,986,000 after acquiring an additional 1,371,606 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Brookdale Senior Living by 304.1% in the fourth quarter. Voloridge Investment Management LLC now owns 1,563,328 shares of the company’s stock valued at $16,868,000 after purchasing an additional 1,176,505 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Brookdale Senior Living by 9,663.1% in the second quarter. Canada Pension Plan Investment Board now owns 1,005,600 shares of the company’s stock valued at $6,999,000 after purchasing an additional 995,300 shares in the last quarter.

Wall Street Analyst Weigh In

BKD has been the subject of a number of recent analyst reports. Barclays dropped their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday. Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Compass Point started coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.40.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.