Brookdale Senior Living Reports Quarterly Earnings Results

Brookdale Senior Living (NYSE:BKD) announced its quarterly earnings on Tuesday. The company reported an earnings per share (EPS) of ($0.37), which was lower than analysts' forecasts of ($0.16) by ($0.21), as per Zacks reports. The company experienced a negative return on equity of 59.06% and reported a negative net margin of 6.75%.

Brookdale Senior Living Stock Performance

On the trading front, shares of Brookdale Senior Living (NYSE:BKD) dipped by $0.02, ending the day at $5.30. During trading, a total of 2,082,513 shares exchanged hands, which is slightly below the average volume of 2,236,943 shares. The company has a market capitalization of $1.05 billion, with a price-to-earnings ratio of -5.76. Its beta stands at 1.29. Additionally, Brookdale has a debt-to-equity ratio of 14.46, alongside a current and quick ratio of 0.81. The 50-day moving average price for the stock is $4.98, while the 200-day moving average price is $5.87. Over the past year, Brookdale’s stock has fluctuated between a low of $4.45 and a high of $8.12.

Insider Activity

In related developments, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock on December 5th, at an average price of $5.62, totaling $56,200. Following this transaction, Wielansky now owns 211,382 shares in the company, valued at approximately $1,187,966.84, reflecting a 4.52% decrease in their ownership. This transaction has been disclosed in a filing with the Securities and Exchange Commission (SEC). It's worth noting that corporate insiders own about 1.80% of Brookdale’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently evaluated BKD. Macquarie maintained an "outperform" rating for Brookdale Senior Living and set a price target of $8.00 in a report published on December 20th. Similarly, Royal Bank of Canada reiterated an "outperform" rating with the same price target of $8.00. Presently, two investment analysts recommend selling the stock, while three have issued buy ratings. According to MarketBeat.com, the stock holds an average rating of "Hold" with a consensus target price of $7.50.

About Brookdale Senior Living

Brookdale Senior Living Inc. is in the business of owning, managing, and operating senior living communities across the United States. The company operates under three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment includes communities that primarily serve middle to upper income seniors.

Brookdale, Earnings, Stock