In the last trading session, 1,050,000,000 shares of the Brookdale Senior Living Inc. (NYSE:BKD) were traded, and its beta was 1.84. Most recently the company’s share price was $6.69, and it changed around $0.39 or 0.06% from the last close, which brings the market valuation of the company to $1.23 Billion. BKD currently trades at a discount to its 52-week high of $6.84, offering almost -2.24% off that amount. The share price’s 52-week low was $2.36, which indicates that the current value has risen by an impressive 64.72% since then. We note from Brookdale Senior Living Inc.’s average daily trading volume that its 10-day average is 2.1 Million shares, with the 3-month average coming to 1.94 Million.
Brookdale Senior Living Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 5 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 3 recommended BKD as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Brookdale Senior Living Inc. is expected to report earnings per share of -$0.48 for the current quarter.
Brookdale Senior Living Inc. (NYSE:BKD): Trading Information
Instantly BKD has showed a green trend with a performance of 6.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $6.74- on Tuesday, Apr 06 increased the stock’s daily price by 0.74%. The company’s shares are currently up 0.51% year-to-date, but still up 0.1169 over the last five days. On the other hand, Brookdale Senior Living Inc. (NYSE:BKD) is 0.13% up in the 30-day period. We can see from the shorts that 11.94 Million shares have been sold at a short interest cover period of 6.15 day (s).
The consensus price target as assigned by Wall Street analysts is $5.54, which translates to bears needing to reduce their stock price by -17.19% from its current value. Analyst projections state that BKD is forecast to be at a low of $4.2 and a high of $7. In order for the stock price to hit the forecast high, the stock would need to surge +4.63% from its current level, while the stock would need to crash -37.22% from its current level to reach the projected low.
Brookdale Senior Living Inc. (BKD) projections and forecasts
Brookdale Senior Living Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +157.31 percent over the past six months and at a -243.12% annual growth rate that is well below the industry average of -6.5%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -119.8% in revenue this quarter, and will report an increase of 28.8% in the next quarter. The year-over-year growth rate is expected to be -13.7%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $770.51 Million in revenue for the current quarter. 2 analysts expect Brookdale Senior Living Inc. to make $767.28 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $1.01 Billion and $854.4 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -24%. Forecasts for the next quarter put sales growth at -10.2%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.9%. Brookdale Senior Living Inc. earnings are expected to increase by 130.9% in 2021, but the outlook is positive 10% per year for the next five years.
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Brookdale Senior Living Inc. (NYSE:BKD)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 2.42% of Brookdale Senior Living Inc. shares, and 94.95% of them are in the hands of institutional investors. The stock currently has a share float of 97.31%. Brookdale Senior Living Inc. stock is held by 227 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 12.87% of the shares, which is about 23.62 Million shares worth $104.63 Million.
Glenview Capital Management, LLC, with 9.81% or 18.01 Million shares worth $79.77 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Blackrock Large Cap Ser Fds-Blackrock Event Driven Equity Fd were the top two Mutual Funds as of Dec 30, 2020. The former held 5272084 shares worth $23.36 Million, making up 2.87% of all outstanding shares. On the other hand, Blackrock Large Cap Ser Fds-Blackrock Event Driven Equity Fd held roughly 4.88 Million shares worth around $20.67 Million, which represents about 2.66% of the total shares outstanding.