Brookdale Senior Living (BKD) Shares Drop Amid Revenue Challenges

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Oct 03, 2024
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Brookdale Senior Living (BKD, Financial) recently experienced a significant stock decline, with a drop of 5.14% in its share price. The current stock price is $6.28 per share, with a trading volume of 829,865 shares, and a turnover rate of 0.42%. The stock experienced a price swing of 4.68%.

The company's latest financial report showed operating revenue of $778 million with a net loss of $37.73 million, translating to earnings per share of -$0.17. The price-to-earnings ratio stands at -6.85. Among the analyst ratings from four institutions, 50% recommended a buy, while 25% suggested holding, and another 25% advised selling.

Within the healthcare facilities sector, where Brookdale operates, there was an overall decline of 2.28%. Notably, stocks such as Newgenivf Group Limited C/Wts, The Pennant Group, Inc., and Compass Pathways Plc saw notable gains. The Pennant Group, Inc., Modivcare Inc., and Arcadia Healthcare were among the more active stocks based on turnover rates of 5.96%, 3.37%, and 1.81% respectively. Stocks with significant price swings include Newgenivf Group Limited C/Wts and The Oncology Institute Inc C/Wts.

Brookdale Senior Living operates senior living communities across the United States, and its revenue primarily comes from its assisted living and memory care segments. The company generates income through accommodation fees and management fees as per contracts.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.