Brookdale Senior Living (BKD) Sees Large Increase in Short Interest

Brookdale Senior Living (NYSE:BKD) was the recipient of a significant growth in short interest in the month of March. As of March 29th, there was short interest totalling 25,903,460 shares, a growth of 22.9% from the March 15th total of 21,084,932 shares. Based on an average daily volume of 4,523,961 shares, the short-interest ratio is presently 5.7 days. Approximately 14.9% of the shares of the stock are sold short.

Shares of BKD opened at $6.63 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.97. The stock has a market cap of $1,210.86, a price-to-earnings ratio of -8.50 and a beta of 1.79. Brookdale Senior Living has a 12-month low of $6.27 and a 12-month high of $15.66.

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Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, February 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookdale Senior Living had a negative return on equity of 8.40% and a negative net margin of 12.04%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.45) EPS. research analysts anticipate that Brookdale Senior Living will post -0.91 earnings per share for the current year.

In related news, insider Lucinda M. Baier acquired 15,000 shares of Brookdale Senior Living stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $6.94 per share, for a total transaction of $104,100.00. Following the completion of the purchase, the insider now directly owns 382,934 shares of the company’s stock, valued at $2,657,561.96. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James R. Seward acquired 5,000 shares of Brookdale Senior Living stock in a transaction that occurred on Thursday, March 1st. The stock was bought at an average price of $6.68 per share, with a total value of $33,400.00. Following the purchase, the director now directly owns 102,451 shares of the company’s stock, valued at $684,372.68. The disclosure for this purchase can be found here. Insiders purchased 36,950 shares of company stock valued at $256,401 in the last quarter. Company insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BKD. Long Pond Capital LP acquired a new position in Brookdale Senior Living during the fourth quarter worth about $23,075,000. Dimensional Fund Advisors LP raised its position in Brookdale Senior Living by 21.0% during the third quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock worth $126,862,000 after acquiring an additional 2,080,341 shares during the last quarter. Land & Buildings Investment Management LLC raised its position in Brookdale Senior Living by 36.3% during the fourth quarter. Land & Buildings Investment Management LLC now owns 6,816,974 shares of the company’s stock worth $66,125,000 after acquiring an additional 1,816,200 shares during the last quarter. Macquarie Group Ltd. raised its position in Brookdale Senior Living by 37.0% during the fourth quarter. Macquarie Group Ltd. now owns 6,239,637 shares of the company’s stock worth $60,525,000 after acquiring an additional 1,684,547 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Brookdale Senior Living during the fourth quarter worth about $8,146,000.

Several brokerages recently commented on BKD. JMP Securities reduced their price objective on shares of Brookdale Senior Living from $16.00 to $9.00 and set a “buy” rating for the company in a research note on Friday. Stephens reiterated a “buy” rating and issued a $12.00 price objective on shares of Brookdale Senior Living in a research note on Tuesday, March 6th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research note on Monday, December 18th. Stifel Nicolaus cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $9.00 in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada cut shares of Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $13.00 to $8.00 in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Brookdale Senior Living has an average rating of “Hold” and a consensus target price of $10.50.

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Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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