Brookdale Senior Living, Inc. (NYSE:BKD) gapped up prior to trading on Thursday following insider buying activity. The stock had previously closed at $7.00, but opened at $7.26. Brookdale Senior Living shares last traded at $7.42, with a volume of 2151556 shares changing hands.
Specifically, Director James R. Seward bought 10,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was bought at an average cost of $7.14 per share, for a total transaction of $71,400.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lucinda M. Baier bought 7,500 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was purchased at an average price of $7.04 per share, with a total value of $52,800.00. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.
Several brokerages have recently commented on BKD. Zacks Investment Research cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. ValuEngine upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Stifel Nicolaus restated a “hold” rating and issued a $7.50 target price on shares of Brookdale Senior Living in a research report on Thursday, February 14th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Sunday, November 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Brookdale Senior Living currently has a consensus rating of “Hold” and an average target price of $9.58.
The stock has a market cap of $1.35 billion, a P/E ratio of -3.73 and a beta of 1.87. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.00 and a current ratio of 1.00.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, February 13th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of ($0.27) by $0.97. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Brookdale Senior Living had a negative net margin of 11.66% and a negative return on equity of 15.69%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) EPS. On average, equities research analysts forecast that Brookdale Senior Living, Inc. will post -1.12 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Camelot Portfolios LLC acquired a new position in Brookdale Senior Living during the 4th quarter worth approximately $67,000. Blueshift Asset Management LLC acquired a new position in Brookdale Senior Living during the 4th quarter worth approximately $69,000. Raymond James Financial Services Advisors Inc. acquired a new position in Brookdale Senior Living during the 4th quarter worth approximately $73,000. Virtu Financial LLC acquired a new position in Brookdale Senior Living during the 3rd quarter worth approximately $129,000. Finally, Menta Capital LLC acquired a new position in Brookdale Senior Living during the 4th quarter worth approximately $107,000. Institutional investors and hedge funds own 99.59% of the company’s stock.
Brookdale Senior Living Company Profile (NYSE:BKD)
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to middle to upper income senior citizens.
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