Brookdale Senior Living (BKD) Stock Dips Amid Financial Performance Concerns

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Oct 08, 2024
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Brookdale Senior Living's (BKD, Financial) stock experienced significant volatility with a sharp drop of 5.04%. The stock currently trades at $5.65 per share, with a trading volume of 1.346 million shares, a turnover rate of 0.68%, and a price fluctuation of 5.88%.

The company's latest financial report shows a revenue of $778 million and a net loss of $37.73 million, resulting in an earnings per share of -$0.17. The price-to-earnings ratio stands at -6.17. Of the four institutions providing ratings, 50% recommend buying while 50% suggest selling, with no hold recommendations.

Brookdale operates in the healthcare facilities sector, which has seen an overall decline of 0.58%. Within this sector, stocks such as Regional Health Properties, Airsculpt Technologies, and Aveanna Healthcare Holdings have shown notable gains. Regional Health Properties, Kindly Md, and Arcadia Healthcare have been particularly active in trading, with turnover rates of 173.95%, 23.53%, and 1.23%, respectively. The most volatile stocks, with significant price swings, include Newgenivf Group Limited, P3 Health Partners, and Regional Health Properties.

Brookdale Senior Living operates senior living communities nationwide in the U.S. and is divided into three main segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The majority of its revenue is generated from the Assisted Living and Memory Care segment, offering housing and support for daily activities. Revenue is primarily obtained through accommodation fees and management fees for specific communities as per contractual agreements.

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.