Brookdale Senior Living Inc. (NYSE:BKD) Short Interest Update

Brookdale Senior Living Inc. (NYSE:BKD) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 36,030,003 shares, an increase of 28.1% from the February 12th total of 28,118,507 shares. Based on an average daily volume of 6,000,724 shares, the days-to-cover ratio is presently 6.0 days. Currently, 15.4% of the company’s stock are sold short. Currently, 15.4% of the company’s stock are sold short. Based on an average daily volume of 6,000,724 shares, the days-to-cover ratio is presently 6.0 days.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BKD. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $6.75 to $13.00 in a research note on Tuesday, January 6th. Finally, Zacks Research raised shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Brookdale Senior Living Trading Up 0.4%

Shares of BKD stock traded up $0.06 during trading hours on Friday, reaching $13.96. 3,223,821 shares of the company’s stock were exchanged, compared to its average volume of 4,853,069. Brookdale Senior Living has a 1 year low of $4.97 and a 1 year high of $17.09. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $14.10 and its two-hundred day moving average price is $11.03.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%.The company had revenue of $754.09 million during the quarter, compared to analyst estimates of $753.60 million. As a group, equities research analysts expect that Brookdale Senior Living will post -0.56 EPS for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently bought and sold shares of BKD. Wellington Management Group LLP lifted its stake in Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after acquiring an additional 2,282,151 shares during the period. Maple Rock Capital Partners Inc. increased its stake in shares of Brookdale Senior Living by 34.9% in the fourth 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 during the period. Bank of America Corp DE raised its holdings in shares of Brookdale Senior Living by 3.8% during the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock worth $45,293,000 after purchasing an additional 238,042 shares during the last quarter. Geode Capital Management LLC lifted its position in Brookdale Senior Living by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,469,453 shares of the company’s stock valued at $59,025,000 after purchasing an additional 42,375 shares during the period. Finally, State Street Corp lifted its position in Brookdale Senior Living by 3.5% during the fourth quarter. State Street Corp now owns 5,408,898 shares of the company’s stock valued at $58,362,000 after purchasing an additional 185,205 shares during the period.

Brookdale Senior Living Company Profile

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.