Brookdale Senior Living (NYSE:BKD) Announces Earnings Results, Misses Estimates By $0.04 EPS

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

Brookdale Senior Living Trading Up 3.2%

NYSE BKD opened at $9.41 on Friday. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $2.20 billion, a P/E ratio of -8.96 and a beta of 0.96. The firm’s 50-day moving average is $8.37 and its two-hundred day moving average is $7.51. Brookdale Senior Living has a 12 month low of $4.45 and a 12 month high of $9.56.

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds have recently made changes to their positions in the stock. Oxford Asset Management LLP raised its position in Brookdale Senior Living by 30.8% in the second quarter. Oxford Asset Management LLP now owns 64,215 shares of the company’s stock valued at $447,000 after purchasing an additional 15,128 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $411,000. The Manufacturers Life Insurance Company lifted its stake in Brookdale Senior Living by 19.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,645 shares of the company’s stock worth $568,000 after acquiring an additional 13,267 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Brookdale Senior Living during the 2nd quarter valued at about $311,000. Finally, New York State Common Retirement Fund grew its position in Brookdale Senior Living by 50.2% in the 2nd quarter. New York State Common Retirement Fund now owns 72,672 shares of the company’s stock valued at $506,000 after acquiring an additional 24,300 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

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.