Brookdale Senior Living (NYSE:BKD) Posts Earnings Results, Beats Expectations By $0.16 EPS

Brookdale Senior Living (NYSE:BKD) announced its quarterly earnings data on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16, FiscalAI reports. The company had revenue of $718.58 million for the quarter, compared to analysts’ expectations of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.

Brookdale Senior Living Price Performance

BKD stock opened at $13.70 on Tuesday. The company has a fifty day moving average price of $14.35 and a two-hundred day moving average price of $14.24. Brookdale Senior Living has a one year low of $7.03 and a one year high of $17.09. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of -15.93 and a beta of 0.60.

Hedge Funds Weigh In On Brookdale Senior Living

Several large investors have recently modified their holdings of BKD. Headlands Technologies LLC acquired a new position in Brookdale Senior Living in the 4th quarter valued at $172,000. DRW Securities LLC acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth $139,000. Cibc World Markets Corp acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth $166,000. CIBC Asset Management Inc bought a new stake in shares of Brookdale Senior Living in the fourth quarter valued at about $127,000. Finally, Wexford Capital LP bought a new stake in shares of Brookdale Senior Living in the third quarter valued at about $101,000.

Analyst Ratings Changes

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

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.