Brookdale Senior Living (NYSE:BKD) Issues Quarterly Earnings Results

Brookdale Senior Living (NYSE:BKD) issued its earnings results on Thursday. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04), Zacks reports. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The business had revenue of $813.17 million during the quarter, compared to analyst estimates of $825.59 million.

Brookdale Senior Living Trading Up 3.2%

Brookdale Senior Living stock traded up $0.30 during mid-day trading on Friday, hitting $9.41. 4,755,923 shares of the stock were exchanged, compared to its average volume of 2,907,967. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -8.96 and a beta of 0.96. Brookdale Senior Living has a 12 month low of $4.45 and a 12 month high of $9.56. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87. The firm’s fifty day simple moving average is $8.33 and its two-hundred day simple moving average is $7.48.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BKD shares. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Finally, Barclays set a $8.00 price objective on shares of Brookdale Senior Living and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and a consensus price target of $8.33.

Hedge Funds Weigh In On Brookdale Senior Living

Several hedge funds and other institutional investors have recently bought and sold shares of BKD. Osaic Holdings Inc. raised its position in shares of Brookdale Senior Living by 7.1% in the 2nd quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock worth $140,000 after acquiring an additional 1,331 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Brookdale Senior Living by 41.0% during the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock worth $87,000 after buying an additional 3,644 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Brookdale Senior Living by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock worth $866,000 after buying an additional 4,323 shares during the period. AQR Capital Management LLC increased its stake in shares of Brookdale Senior Living by 34.2% in the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after acquiring an additional 6,507 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Brookdale Senior Living during the 1st quarter valued at $61,000.

About Brookdale Senior Living

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.