Short Interest in Brookdale Senior Living Inc. (NYSE:BKD) Expands By 34.5%

Brookdale Senior Living Inc. (NYSE:BKD) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 28,118,507 shares, a growth of 34.5% from the January 29th total of 20,898,922 shares. Currently, 12.0% of the shares of the company are sold short. Based on an average daily volume of 6,810,545 shares, the short-interest ratio is currently 4.1 days. Based on an average daily volume of 6,810,545 shares, the short-interest ratio is currently 4.1 days. Currently, 12.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

BKD has been the subject of a number of recent research reports. Citigroup upgraded Brookdale Senior Living to a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price target for the company from $6.75 to $13.00 in a report on Tuesday, January 6th. Barclays upped their price objective on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Brookdale Senior Living presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Brookdale Senior Living Price Performance

BKD traded down $0.12 during trading on Tuesday, hitting $15.01. The company’s stock had a trading volume of 3,690,949 shares, compared to its average volume of 5,865,105. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of -13.52 and a beta of 0.68. Brookdale Senior Living has a twelve month low of $4.97 and a twelve month high of $17.09. The business’s fifty day simple moving average is $13.51 and its 200 day simple moving average is $10.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%.The business had revenue of $754.09 million for the quarter, compared to analyst estimates of $753.60 million. On average, equities research analysts forecast that Brookdale Senior Living will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKD. Marshall Wace LLP boosted its holdings in shares of Brookdale Senior Living by 8.9% during the 2nd quarter. Marshall Wace LLP now owns 3,406,700 shares of the company’s stock worth $23,711,000 after purchasing an additional 279,232 shares during the last quarter. Delta Investment Management LLC acquired a new position in Brookdale Senior Living during the third quarter worth $836,000. CenterBook Partners LP purchased a new stake in Brookdale Senior Living in the 3rd quarter valued at $2,181,000. Principal Financial Group Inc. increased its stake in shares of Brookdale Senior Living by 987.8% in the 3rd quarter. Principal Financial Group Inc. now owns 177,589 shares of the company’s stock worth $1,504,000 after acquiring an additional 161,263 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Brookdale Senior Living in the 3rd quarter worth $689,000.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.