Traders Buy Large Volume of Brookdale Senior Living Call Options (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of unusually large options trading activity on Tuesday. Investors bought 9,012 call options on the stock. This represents an increase of approximately 1,427% compared to the average volume of 590 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stephens began coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price target for the company. Compass Point assumed 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. Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in shares of Brookdale Senior Living by 3.4% in the 1st quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock worth $6,888,000 after buying an additional 36,604 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Brookdale Senior Living by 34.2% during the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after buying an additional 6,507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $866,000 after buying an additional 4,323 shares in the last quarter. Millennium Management LLC boosted 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 valued at $13,591,000 after buying an additional 876,222 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Brookdale Senior Living in the first quarter valued at $181,000.

Brookdale Senior Living Trading Up 0.7%

Shares of BKD stock opened at $14.29 on Thursday. The firm has a market capitalization of $3.41 billion, a P/E ratio of -16.61 and a beta of 0.58. Brookdale Senior Living has a 1 year low of $6.99 and a 1 year high of $17.09. The firm’s fifty day simple moving average is $13.78 and its 200 day simple moving average is $13.79.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. The business had revenue of $764.86 million for the quarter, compared to analyst estimates of $771.16 million. Equities research analysts anticipate that Brookdale Senior Living will post -0.1 EPS for the current fiscal year.

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.