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How Is The Brookdale Senior Living Inc. (NYSE: BKD) Performance Outlook For The Coming Months?

Brookdale Senior Living Inc. (NYSE:BKD) has a beta value of 1.37 and has seen 1.18 million shares traded in the last trading session. The company, currently valued at $476.16M, closed the last trade at $2.77 per share which meant it lost -$0.13 on the day or -4.48% during that session. The BKD stock price is -174.73% off its 52-week high price of $7.61 and 14.44% above the 52-week low of $2.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.28 million shares traded. The 3-month trading volume is 3.23 million shares.

The consensus among analysts is that Brookdale Senior Living Inc. (BKD) is a Hold stock at the moment, with a recommendation rating of 3.20. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.13.

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Brookdale Senior Living Inc. (NYSE:BKD) trade information

Sporting -4.48% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the BKD stock price touched $2.77 or saw a rise of 5.78%. Year-to-date, Brookdale Senior Living Inc. shares have moved 1.47%, while the 5-day performance has seen it change 9.06%. Over the past 30 days, the shares of Brookdale Senior Living Inc. (NYSE:BKD) have changed 0.36%. Short interest in the company has seen 10.96 million shares shorted with days to cover at 3.94.

Wall Street analysts have a consensus price target for the stock at $4.33, which means that the shares’ value could jump 36.03% from current levels. The projected low price target is $2.00 while the price target rests at a high of $7.00. In that case, then, we find that the current price level is -152.71% off the targeted high while a plunge would see the stock lose 27.8% from current levels.

Brookdale Senior Living Inc. (BKD) estimates and forecasts

Figures show that Brookdale Senior Living Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -42.77% over the past 6 months, with this year growth rate of 15.25%, compared to 13.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -114.60% and 25.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 2.70%.

5 analysts offering their estimates for the company have set an average revenue estimate of $755.08 million for the current quarter. 4 have an estimated revenue figure of $697.35 million for the next quarter concluding in Dec 2022. Year-ago sales stood $641.65 million and $643.87 million respectively for this quarter and the next, and analysts expect sales will grow by 17.70% for the current quarter and 8.30% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 24.40% over the past 5 years. Earnings growth for 2023 is a modest -220.70% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.

BKD Dividends

Brookdale Senior Living Inc. is expected to release its next earnings report between February 13 and February 17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Brookdale Senior Living Inc. (NYSE:BKD)’s Major holders

Insiders own 2.63% of the company shares, while shares held by institutions stand at 100.59% with a share float percentage of 103.30%. Investors are also buoyed by the number of investors in a company, with Brookdale Senior Living Inc. having a total of 239 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 36.31 million shares worth more than $164.84 million. As of Jun 29, 2022, Blackrock Inc. held 19.44% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 17.07 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $77.49 million and represent 9.14% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Blackrock Large Cap Ser Fds-Blackrock Event Driven Equity Fd and Vanguard Total Stock Market Index Fund. As of May 30, 2022, the former fund manager holds about 3.98% shares in the company for having 7.43 million shares of worth $42.35 million while later fund manager owns 5.22 million shares of worth $23.7 million as of Jun 29, 2022, which makes it owner of about 2.80% of company’s outstanding stock.

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