Brookdale Senior Living (NYSE:BKD) Shares Gap Down – Time to Sell?

Brookdale Senior Living Inc. (NYSE:BKD)’s share price gapped down prior to trading on Friday . The stock had previously closed at $15.28, but opened at $14.42. Brookdale Senior Living shares last traded at $14.04, with a volume of 1,353,122 shares.

Analyst Ratings Changes

A number of brokerages have commented on BKD. Stephens assumed coverage on shares of Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective on the stock. Compass Point assumed coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

Brookdale Senior Living Trading Down 8.7%

The business’s fifty day moving average price is $13.76 and its 200 day moving average price is $13.69. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of -16.19 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. As a group, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its position in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares during the period. Larson Financial Group LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter worth approximately $59,000. Strs Ohio acquired a new stake in Brookdale Senior Living during the 1st quarter worth approximately $61,000. FNY Investment Advisers LLC purchased a new position in shares of Brookdale Senior Living in the 4th quarter valued at approximately $62,000. Finally, KBC Group NV purchased a new position in shares of Brookdale Senior Living in the 4th quarter valued at approximately $84,000.

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.