Brookdale Senior Living (NYSE:BKD) Now Covered by StockNews.com

StockNews.com began coverage on shares of Brookdale Senior Living (NYSE:BKD – Get Rating) in a research note published on Thursday. The firm issued a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Stifel Nicolaus cut Brookdale Senior Living from a buy rating to a hold rating and cut their target price for the company from $5.00 to $4.00 in a research note on Tuesday, January 17th. Royal Bank of Canada raised their target price on Brookdale Senior Living from $5.00 to $6.00 and gave the company a sector perform rating in a research note on Thursday, February 23rd.

Brookdale Senior Living Stock Performance

BKD stock opened at $2.61 on Thursday. The company has a debt-to-equity ratio of 6.86, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $488.59 million, a price-to-earnings ratio of -2.06 and a beta of 1.27. Brookdale Senior Living has a 1 year low of $2.37 and a 1 year high of $7.61. The stock’s fifty day moving average is $2.92 and its two-hundred day moving average is $3.58.

Insider Activity

In other news, Director Jordan R. Asher sold 17,200 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $3.33, for a total transaction of $57,276.00. Following the transaction, the director now directly owns 102,965 shares of the company’s stock, valued at $342,873.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Victory Capital Management Inc. increased its holdings in shares of Brookdale Senior Living by 7.7% during the fourth quarter. Victory Capital Management Inc. now owns 3,087,841 shares of the company’s stock valued at $8,430,000 after purchasing an additional 221,458 shares during the period. State of Wyoming grew its holdings in Brookdale Senior Living by 39.0% during the fourth quarter. State of Wyoming now owns 44,661 shares of the company’s stock worth $122,000 after acquiring an additional 12,526 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in Brookdale Senior Living by 39.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 13,647 shares of the company’s stock worth $37,000 after acquiring an additional 3,849 shares during the period. Jane Street Group LLC grew its holdings in Brookdale Senior Living by 109.1% during the fourth quarter. Jane Street Group LLC now owns 113,822 shares of the company’s stock worth $311,000 after acquiring an additional 59,379 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Brookdale Senior Living during the fourth quarter worth about $31,000.

Brookdale Senior Living Company Profile

(Get Rating)

Brookdale Senior Living, Inc engages in the operation of senior living communities. The firm manages independent living, assisted living and dementia-care communities and continuing care retirement centers. It operates through the following segments: Independent Living Assisted Living & Memory Care, CCRCs, Health Care Services and Management Services.