Brookdale Senior Living (NYSE:BKD) Hits New 52-Week Low – Time to Sell?

Brookdale Senior Living Inc. (NYSE:BKD) hit a new 52-week low on Wednesday . The stock traded as low as $4.67 and last traded at $4.77, with a volume of 565055 shares. The stock had previously closed at $4.87.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Macquarie reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Friday, December 20th. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Price Performance

The stock has a market capitalization of $922.34 million, a price-to-earnings ratio of -5.03 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock has a fifty day moving average of $5.16 and a 200-day moving average of $6.14.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The company had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. During the same period last year, the business earned ($0.22) earnings per share. On average, equities research analysts predict that Brookdale Senior Living Inc. will post -0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the transaction, the director now directly owns 211,382 shares in the company, valued at approximately $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

A number of large investors have recently bought and sold shares of BKD. R Squared Ltd purchased a new position in shares of Brookdale Senior Living in the 4th quarter valued at approximately $33,000. Sei Investments Co. purchased a new position in Brookdale Senior Living in the 2nd quarter valued at $81,000. Quest Partners LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at $104,000. Retirement Income Solutions Inc acquired a new position in Brookdale Senior Living in the 4th quarter valued at $114,000. Finally, Algert Global LLC purchased a new position in Brookdale Senior Living during the 2nd quarter worth $124,000.

Brookdale Senior Living Company Profile

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.