Brookdale Senior Living (NYSE:BKD) Hits New 52-Week Low After Analyst Downgrade

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price hit a new 52-week low during trading on Tuesday after Barclays lowered their price target on the stock from $17.00 to $14.00. Barclays currently has an overweight rating on the stock. Brookdale Senior Living traded as low as $8.80 and last traded at $8.8450, with a volume of 1,997,880 shares. The stock had previously closed at $9.31.

Other research analysts have also issued reports about the stock. Stephens dropped their price objective on shares of Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Finally, Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.60.

Institutional Investors Weigh In On Brookdale Senior Living

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $43,000. Public Employees Retirement System of Ohio acquired a new position in Brookdale Senior Living during the second quarter worth approximately $53,000. Nykredit A S purchased a new stake in Brookdale Senior Living in the second quarter valued at approximately $57,000. Persistent Asset Partners Ltd acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at approximately $66,000. Finally, Strs Ohio acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at $70,000.

Brookdale Senior Living Stock Performance

The stock has a market cap of $2.10 billion, a PE ratio of -55.16, a P/E/G ratio of 5.39 and a beta of 0.55. The firm’s 50-day moving average is $10.85 and its 200 day moving average is $13.25.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Friday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. The company had revenue of $712.07 million for the quarter, compared to analyst estimates of $721.26 million. On average, sell-side analysts predict that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence.

Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.