Brookdale Senior Living (NYSE:BKD) Shares Gap Down – Here’s What Happened

Brookdale Senior Living Inc. (NYSE:BKD)’s share price gapped down before the market opened on Friday. The stock had previously closed at $10.89, but opened at $10.35. Brookdale Senior Living shares last traded at $9.9530, with a volume of 1,932,153 shares.

Analysts Set New Price Targets

A number of research firms recently issued reports on BKD. Barclays reduced their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Finally, Compass Point began coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $17.40.

Brookdale Senior Living Stock Down 7.4%

The firm’s 50 day simple moving average is $12.06 and its 200 day simple moving average is $13.28. The company has a market cap of $2.41 billion, a price-to-earnings ratio of -17.39, a price-to-earnings-growth ratio of 5.19 and a beta of 0.53.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $718.58 million during the quarter, compared to the consensus estimate of $735.63 million. Analysts anticipate that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Brookdale Senior Living during the second quarter valued at $43,000. Public Employees Retirement System of Ohio acquired a new stake in Brookdale Senior Living in the second quarter worth about $53,000. Nykredit A S bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $57,000. Persistent Asset Partners Ltd bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $66,000. Finally, Strs Ohio acquired a new position in Brookdale Senior Living during the 1st quarter valued at about $70,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is a U.S.-based senior living company that owns, manages and operates communities designed for older adults. Its offerings include independent living, assisted living, memory care and continuing care services, allowing residents to receive different levels of support as their needs change.

The company provides housing and daily living services alongside dining, wellness, social and recreational programs, transportation and care coordination. Through its ancillary services, Brookdale also offers certain home health, hospice and therapy services to residents and other older adults.

Brookdale serves communities across the United States.