Short Interest in Brookdale Senior Living Inc. (NYSE:BKD) Increases By 11.4%

Brookdale Senior Living Inc. (NYSE:BKD) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 15,660,000 shares, an increase of 11.4% from the May 15th total of 14,060,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is currently 8.5 days. Approximately 9.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKD. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a report on Tuesday, April 9th. StockNews.com lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th.

Brookdale Senior Living Stock Up 0.5 %

BKD traded up $0.03 during trading on Friday, hitting $6.68. 1,133,632 shares of the company’s stock traded hands, compared to its average volume of 1,189,427. Brookdale Senior Living has a 12-month low of $3.43 and a 12-month high of $7.62. The company’s 50 day simple moving average is $6.81 and its two-hundred day simple moving average is $6.17. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 10.23. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -8.68 and a beta of 1.34.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. The company had revenue of $782.83 million during the quarter. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. Analysts predict that Brookdale Senior Living will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BKD. Diversified Trust Co lifted its holdings in shares of Brookdale Senior Living by 4.8% during the 1st quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock valued at $261,000 after buying an additional 1,811 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Brookdale Senior Living by 2.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,815 shares of the company’s stock worth $709,000 after purchasing an additional 2,395 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Brookdale Senior Living by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock valued at $221,000 after purchasing an additional 2,637 shares during the period. Lazard Asset Management LLC grew its stake in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after purchasing an additional 2,790 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Brookdale Senior Living by 9.7% during the 4th quarter. Arizona State Retirement System now owns 49,986 shares of the company’s stock valued at $291,000 after purchasing an additional 4,434 shares during the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). 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 upper income seniors.