Traders Buy High Volume of Put Options on Brookdale Senior Living (BKD)

Brookdale Senior Living, Inc. (NYSE:BKD) was the recipient of unusually large options trading on Monday. Investors acquired 1,118 put options on the company. This represents an increase of approximately 1,280% compared to the average volume of 81 put options.

Shares of Brookdale Senior Living (NYSE BKD) opened at $10.02 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.23. The company has a market cap of $1,870.00, a P/E ratio of -2.18 and a beta of 1.73. Brookdale Senior Living has a 1-year low of $8.78 and a 1-year high of $16.31.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.97). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.28) EPS. analysts expect that Brookdale Senior Living will post -3.43 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on BKD. Stephens set a $16.00 target price on Brookdale Senior Living and gave the stock a “buy” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research note on Monday, December 18th. Royal Bank of Canada restated a “buy” rating and issued a $19.00 target price on shares of Brookdale Senior Living in a research note on Friday, October 13th. Stifel Nicolaus cut their target price on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Finally, Jefferies Group set a $14.00 price target on shares of Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.42.

Several large investors have recently bought and sold shares of the stock. Utah Retirement Systems raised its holdings in shares of Brookdale Senior Living by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 33,642 shares of the company’s stock worth $494,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Brookdale Senior Living by 12.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock worth $102,000 after purchasing an additional 761 shares during the period. Princeton Portfolio Strategies Group LLC raised its holdings in shares of Brookdale Senior Living by 3.7% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 81,030 shares of the company’s stock worth $1,192,000 after purchasing an additional 2,894 shares during the period. Principal Financial Group Inc. raised its holdings in Brookdale Senior Living by 13.7% during the 2nd quarter. Principal Financial Group Inc. now owns 27,284 shares of the company’s stock valued at $401,000 after acquiring an additional 3,294 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Brookdale Senior Living by 0.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 568,461 shares of the company’s stock valued at $8,362,000 after acquiring an additional 3,662 shares during the period. 99.60% of the stock is currently owned by institutional investors.

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About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

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