Brookdale Senior Living Target of Unusually Large Options Trading (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) saw unusually large options trading activity on Wednesday. Stock traders bought 3,119 call options on the company. This is an increase of 183% compared to the average daily volume of 1,103 call options.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BKD. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Barclays decreased their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday. Compass Point started coverage on Brookdale Senior Living in a research note on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and an average price target of $17.40.

Institutional Trading of Brookdale Senior Living

A number of hedge funds and other institutional investors have recently made changes to their positions in BKD. Caitong International Asset Management Co. Ltd lifted its position in Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after buying an additional 2,675 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Brookdale Senior Living in the 2nd quarter valued at about $43,000. Persistent Asset Partners Ltd acquired a new stake in Brookdale Senior Living in the 2nd quarter valued at about $66,000. Strs Ohio bought a new position in shares of Brookdale Senior Living in the first quarter worth about $70,000. Finally, Larson Financial Group LLC bought a new position in shares of Brookdale Senior Living in the third quarter worth about $59,000.

Brookdale Senior Living Price Performance

Shares of BKD opened at $12.93 on Thursday. The company has a market capitalization of $3.09 billion, a P/E ratio of -22.29 and a beta of 0.60. Brookdale Senior Living has a one year low of $7.11 and a one year high of $17.09. The business’s 50 day simple moving average is $14.37 and its 200-day simple moving average is $14.24.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The firm had revenue of $718.58 million during the quarter, compared to analysts’ expectations of $735.63 million. On average, sell-side analysts anticipate that Brookdale Senior Living will post -0.1 EPS for the current fiscal year.

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.