Brookdale Senior Living Inc. (NYSE:BKD) Sees Large Drop in Short Interest

Brookdale Senior Living Inc. (NYSE:BKD) was the target of a large 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. Currently, 5.7% of the shares of the company are sold short. Based on an average trading volume of 2,270,000 shares, the short-interest ratio is presently 4.4 days.

Analyst Ratings Changes

BKD has been the subject of several analyst reports. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $7.75 to $6.00 in a report on Monday, October 7th. Macquarie reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Jefferies Financial Group started coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, Brookdale Senior Living presently has an average rating of “Hold” and a consensus target price of $7.75.

Brookdale Senior Living Stock Down 1.4 %

NYSE:BKD traded down $0.07 during trading hours on Tuesday, hitting $5.11. The company had a trading volume of 75,278 shares, compared to its average volume of 2,037,275. Brookdale Senior Living has a 1 year low of $5.09 and a 1 year high of $8.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The company has a 50-day moving average of $6.27 and a 200 day moving average of $6.79.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The firm had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. During the same period in the prior year, the company posted ($0.22) EPS. On average, analysts expect that Brookdale Senior Living will post -0.7 earnings per share for the current year.

Institutional Trading of Brookdale Senior Living

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Brookdale Senior Living by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock worth $120,774,000 after purchasing an additional 220,199 shares during the period. Wellington Management Group LLP boosted its position in shares of Brookdale Senior Living by 11.4% during the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock worth $53,144,000 after buying an additional 799,744 shares during the period. Iron Triangle Partners LP boosted its position in shares of Brookdale Senior Living by 21.4% during the first quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock worth $38,986,000 after buying an additional 1,038,353 shares during the period. Rush Island Management LP grew its stake in shares of Brookdale Senior Living by 31.9% in the third quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock valued at $34,742,000 after buying an additional 1,237,727 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Brookdale Senior Living by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock valued at $29,648,000 after buying an additional 89,344 shares during the period.

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.