Investing in Brookdale Senior Living Inc. (BKD) Is Getting More Attractive


Brookdale Senior Living Inc.’s filing revealed that its Director Asher Jordan R unloaded Company’s shares for reported $57286.0 on Mar 02. In the deal valued at $3.33 per share,17,200 shares were sold. As a result of this transaction, Asher Jordan R now holds 102,965 shares worth roughly $ 0.3 million.

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Then, BUMSTEAD FRANK M bought 50,000 shares, generating $154,415 in total proceeds. Upon buying the shares at $3.09, the Director now owns 401,291 shares.

Stifel downgraded its Brookdale Senior Living Inc. [BKD] rating to a Hold from a a Buy in a research note published on Friday, January 17, 2023; the price target was decreased to $4 from $5. PT values the company’s stock at a premium of 26.25 to its Friday closing price. Barclays also remained covering BKD and has increased its forecast on June 11, 2021 with a “an Overweight” recommendation from previously “an Equal weight” rating. Jefferies revised its rating on December 02, 2020. It rated BKD as “a Hold” which previously was an “a Buy”.

Price Performance Review of BKD

On Friday, Brookdale Senior Living Inc. [NYSE:BKD] saw its stock fall -6.94% to $2.95. On the same session, the stock had its day’s lowest price of $2.92, but rose to a high of $3.175. Over the last five days, the stock has lost -14.49%. Brookdale Senior Living Inc. shares have risen nearly 8.06% since the year began. Nevertheless, the stocks have fallen -59.59% over the past one year. While a 52-week high of $7.61 was reached on 02/22/23, a 52-week low of $2.37 was recorded on 01/20/23. SMA at 50 days reached $2.92, while 200 days put it at $4.05. A total of 3.12 million shares were traded, compared to the trading of 1.67 million shares in the previous session.

Levels Of Support And Resistance For BKD Stock

The 24-hour chart illustrates a support level at 2.86, which if violated will result in even more drops to 2.76. On the upside, there is a resistance level at 3.11. A further resistance level may holdings at 3.27. The Relative Strength Index (RSI) on the 14-day chart is 44.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.52%. Stochastics %K at 32.94% indicates the stock is a holding.

How much short interest is there in Brookdale Senior Living Inc.?

A steep rise in short interest was recorded in Brookdale Senior Living Inc. stocks on Jan 30, 2023, growing by 0.67 million shares to a total of 17.96 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 17.29 million shares. There was a rise of 3.73%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.21% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.03.

Brookdale Senior Living Inc. [BKD] – Who Are The Largest Shareholders?

In filings from Camber Capital Management LP, it is revealed that the company now owns 18,000,000 shares, or roughly 9.64% of the outstanding BKD shares. In other words, the investor’s shares have risen by 2,000,000 from its previous 13-F filing of 16000000.0. Additionally, The Vanguard Group, Inc. increased 1.66% of its stake after which the total value it holdings stand at $56,143,702, while Glenview Capital Management LLC added 40.63% of its stake to hold $44.72 million in the firm. Over the last quarter, Deerfield Management Co. LP purchased 3,987,090 shares of Brookdale Senior Living Inc., while BlackRock Fund Advisors bought 36,333 shares. At present, Flat Footed LLC is holding 10,654,203 shares valued at $34.41 million. Dimensional Fund Advisors LP owned 9,063,890 shares of the company at the time of its most recent 13F filing, worth $29.28 million.

According to FactSet, Brookdale Senior Living Inc.’s share price will average $4.45 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.18 percent from its previous closing price of $3.17. Analysts expect Brookdale Senior Living Inc. stock to reach the higher price of $7.00, while the lowest price estimate is $2.00. However, 5 analysts have rated BKD stock as a Hold in their predictions for 2023. The most recent change occurred on September 03, 2019 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $8 price target.


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