Brookdale Senior Living Sees Unusually High Options Volume (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of unusually large options trading on Wednesday. Stock traders bought 6,000 put options on the stock. This is an increase of 1,245% compared to the average volume of 446 put options.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BKD shares. Compass Point initiated coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective for the company. Stephens assumed coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price target for the company. Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Brookdale Senior Living Trading Down 2.2%

NYSE BKD traded down $0.34 during trading hours on Wednesday, reaching $15.09. 1,094,082 shares of the company traded hands, compared to its average volume of 4,456,247. The stock has a market capitalization of $3.60 billion, a PE ratio of -17.54 and a beta of 0.58. Brookdale Senior Living has a 12 month low of $6.99 and a 12 month high of $17.09. The company has a 50 day moving average of $13.72 and a two-hundred day moving average of $13.63.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. On average, equities research analysts anticipate that Brookdale Senior Living will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Brookdale Senior Living

A number of institutional investors have recently made changes to their positions in BKD. Janus Henderson Group PLC lifted its position in shares of Brookdale Senior Living by 387.4% in the 1st quarter. Janus Henderson Group PLC now owns 511,502 shares of the company’s stock worth $6,998,000 after buying an additional 406,564 shares during the last quarter. Amundi bought a new stake in Brookdale Senior Living in the 1st quarter valued at about $152,000. California State Teachers Retirement System lifted its position in Brookdale Senior Living by 24.9% in the 1st quarter. California State Teachers Retirement System now owns 268,379 shares of the company’s stock valued at $3,671,000 after purchasing an additional 53,487 shares during the last quarter. Regal Partners Ltd boosted its stake in Brookdale Senior Living by 32.4% during the 1st quarter. Regal Partners Ltd now owns 132,403 shares of the company’s stock valued at $1,811,000 after purchasing an additional 32,403 shares during the period. Finally, Eversept Partners LP boosted its stake in Brookdale Senior Living by 851.8% during the 1st quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock valued at $48,818,000 after purchasing an additional 3,193,626 shares during the period.

About Brookdale Senior Living

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.