Brookdale Senior Living (NYSE:BKD) Announces Quarterly Earnings Results

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

Brookdale Senior Living Stock Performance

BKD stock traded down $0.52 during trading on Monday, reaching $13.70. The company had a trading volume of 8,395,238 shares, compared to its average volume of 4,598,633. The company has a market cap of $3.27 billion, a price-to-earnings ratio of -15.93 and a beta of 0.60. Brookdale Senior Living has a twelve month low of $7.03 and a twelve month high of $17.09. The firm has a 50-day simple moving average of $14.32 and a 200-day simple moving average of $14.23.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research lowered Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, Compass Point began coverage on Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Brookdale Senior Living by 3.4% during the first quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after buying an additional 36,604 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Brookdale Senior Living by 34.2% in the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after acquiring an additional 6,507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Brookdale Senior Living by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock worth $866,000 after acquiring an additional 4,323 shares during the last quarter. Millennium Management LLC raised its stake in Brookdale Senior Living by 67.7% in the 1st quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock worth $13,591,000 after acquiring an additional 876,222 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Brookdale Senior Living in the 1st quarter worth $181,000.

About Brookdale Senior Living

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.