Here's Why Brookdale Senior Living Stock Is Plunging Today
Simply put, Brookdale Senior Living (NYSE: BKD) reported a pretty ugly quarter that disappointed investors. As of 11:30 a.m. EST on the day of the earnings release, Brookdale's stock had plunged by more than 12%.
The company reported a net loss of $413.9 million for the quarter, significantly wider than the $51.7 million loss from a year ago. Adjusted EBITDA dropped by 30%, and adjusted free cash flow fell by 11%. Senior housing revenue fell by 12.2% year over year, and $5.2 million of hurricane-related expenses were realized by the senior housing portfolio during the quarter.
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Source: Fool.com
Brookdale Sr Lvg Stock
€7.20
0.700%
Currently there is a rather positive sentiment for Brookdale Sr Lvg with 4 Buy predictions and 1 Sell predictions.
With a target price of 8 € there is a slightly positive potential of 11.11% for Brookdale Sr Lvg compared to the current price of 7.2 €.
