Brookdale Senior Living Inc. (NYSE:BKD) Sees Significant Decline in Short Interest

Brookdale Senior Living Inc. (NYSE:BKD) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 8,850,000 shares, a decline of 8.4% from the November 15th total of 9,660,000 shares. Based on an average trading volume of 2,260,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 5.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BKD. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Macquarie reissued an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group assumed coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.75.

Insider Transactions at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Brookdale Senior Living

Several institutional investors have recently bought and sold shares of BKD. nVerses Capital LLC bought a new position in Brookdale Senior Living in the 2nd quarter worth $25,000. Headlands Technologies LLC acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth about $26,000. Innealta Capital LLC bought a new stake in Brookdale Senior Living during the 2nd quarter valued at approximately $52,000. Sei Investments Co. acquired a new stake in Brookdale Senior Living in the 2nd quarter valued at approximately $81,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Brookdale Senior Living in the 2nd quarter worth approximately $100,000.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $5.27 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living has a 1-year low of $5.08 and a 1-year high of $8.12. The firm’s fifty day simple moving average is $5.80 and its 200-day simple moving average is $6.57. The company has a market capitalization of $1.05 billion, a PE ratio of -5.73 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period in the prior year, the firm earned ($0.22) earnings per share. As a group, sell-side analysts anticipate that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

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.