Brookdale Senior Living (NYSE:BKD) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS

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

Brookdale Senior Living Trading Down 3.7%

NYSE BKD traded down $0.52 during trading hours on Monday, reaching $13.70. 8,395,238 shares of the company’s stock were exchanged, compared to its average volume of 4,598,633. The stock has a market cap of $3.27 billion, a PE ratio of -15.93 and a beta of 0.60. Brookdale Senior Living has a one year low of $7.03 and a one year high of $17.09. The firm has a fifty day moving average of $14.32 and a 200-day moving average of $14.23.

Wall Street Analysts Forecast Growth

BKD has been the subject of a number of analyst reports. Compass Point began coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Finally, Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. 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 given a Sell rating to the stock. According to data from MarketBeat, Brookdale Senior Living has an average rating of “Moderate Buy” and an average price target of $17.60.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors and hedge funds have recently bought and sold shares of BKD. Caitong International Asset Management Co. Ltd increased its stake in shares of Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after buying an additional 2,675 shares in the last quarter. Larson Financial Group LLC acquired a new position in Brookdale Senior Living during the 3rd quarter worth about $59,000. Strs Ohio bought a new stake in Brookdale Senior Living during the 1st quarter worth about $61,000. Lazard Asset Management LLC grew its holdings in Brookdale Senior Living by 41.0% during the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock worth $87,000 after acquiring an additional 3,644 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Brookdale Senior Living in the 3rd quarter valued at about $96,000.

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.