Short Interest in Brookdale Senior Living Inc. (NYSE:BKD) Decreases By 7.0%

Brookdale Senior Living Inc. (NYSE:BKD) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 10,040,000 shares, a decline of 7.0% from the October 15th total of 10,790,000 shares. Based on an average daily trading volume, of 2,270,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 5.7% of the company’s shares are short sold.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently bought and sold shares of BKD. ProShare Advisors LLC increased its holdings in Brookdale Senior Living by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock worth $221,000 after acquiring an additional 2,637 shares in the last quarter. Mackenzie Financial Corp lifted its position in Brookdale Senior Living by 9.2% in the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after buying an additional 2,697 shares during the last quarter. Lazard Asset Management LLC lifted its position in Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after buying an additional 2,790 shares during the last quarter. Diversified Trust Co lifted its position in shares of Brookdale Senior Living by 7.7% during the second quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock worth $291,000 after purchasing an additional 3,056 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Brookdale Senior Living by 15.8% during the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after buying an additional 3,390 shares during the period.

Analyst Upgrades and Downgrades

BKD has been the topic of a number of recent research reports. Bank of America cut shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Macquarie restated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price on the stock. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brookdale Senior Living presently has an average rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $5.21 on Monday. The firm has a 50-day moving average price of $6.27 and a 200-day moving average price of $6.79. The firm has a market capitalization of $1.04 billion, a PE ratio of -5.68 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 14.46. Brookdale Senior Living has a 12-month low of $5.09 and a 12-month high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same quarter in the previous year, the business earned ($0.22) EPS. As a group, equities research analysts forecast that Brookdale Senior Living will post -0.7 EPS for the current year.

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.