Key Points
- Director C. Christian Winkle bought 40,000 Brookdale shares at an average price of $8.95, investing $358,000; the purchase was disclosed in an SEC filing.
- Brookdale missed quarterly expectations, reporting a loss of $0.06 per share versus analysts’ expected loss of $0.03, while revenue of $712.07 million also fell short of estimates.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $15.60, although some firms recently downgraded their ratings or cut targets.
Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) Director C Christian Winkle bought 40,000 shares of Brookdale Senior Living stock in a transaction dated Tuesday, November 10th. The stock was acquired at an average cost of $8.95 per share, for a total transaction of $358,000.00. Following the completion of the acquisition, the director directly owned 40,000 shares in the company, valued at $358,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Brookdale Senior Living Price Performance
NYSE BKD opened at $8.97 on Friday. The stock's 50 day simple moving average is $10.69 and its 200 day simple moving average is $13.19. The firm has a market cap of $2.15 billion, a PE ratio of -56.09 and a beta of 0.55. Brookdale Senior Living Inc. has a one year low of $8.79 and a one year high of $17.09.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Friday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Brookdale Senior Living had a negative net margin of 1.27% and a negative return on equity of 15,050.32%. The business had revenue of $712.07 million during the quarter, compared to the consensus estimate of $721.26 million. As a group, equities analysts expect that Brookdale Senior Living Inc. will post -0.05 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Brookdale Senior Living by 86.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,689 shares of the company's stock worth $43,000 after buying an additional 1,244 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Brookdale Senior Living by 1.3% in the first quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company's stock valued at $1,500,000 after buying an additional 1,436 shares during the period. Quantinno Capital Management LP boosted its stake in Brookdale Senior Living by 4.5% in the first quarter. Quantinno Capital Management LP now owns 48,383 shares of the company's stock valued at $662,000 after acquiring an additional 2,095 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Brookdale Senior Living in the second quarter valued at approximately $53,000. Finally, Nykredit A S bought a new position in Brookdale Senior Living in the second quarter valued at approximately $57,000.
Analysts Set New Price Targets
Several research firms have weighed in on BKD. Barclays lowered their price objective on shares of Brookdale Senior Living from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Tuesday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Zacks Research cut shares of Brookdale Senior Living from a "strong-buy" rating to a "strong sell" rating in a research note on Monday. Finally, Stephens lowered their price target on shares of Brookdale Senior Living from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Monday. Six research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.60.
Get Our Latest Stock Analysis on BKD
Brookdale Senior Living Company Profile
(
Get Free Report)
Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents' needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.
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