Brookdale Senior Living Inc. (NYSE:BKD) Director Purchases $154,500.00 in Stock

Brookdale Senior Living Inc. (NYSE:BKDGet Rating) Director Frank M. Bumstead bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average cost of $3.09 per share, with a total value of $154,500.00. Following the acquisition, the director now directly owns 401,291 shares in the company, valued at approximately $1,239,989.19. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Brookdale Senior Living Trading Up 1.0 %

Shares of Brookdale Senior Living stock opened at $3.14 on Friday. Brookdale Senior Living Inc. has a twelve month low of $2.88 and a twelve month high of $7.61. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 8.69. The business has a 50-day moving average price of $4.53 and a 200-day moving average price of $4.83. The firm has a market cap of $586.58 million, a price-to-earnings ratio of -1.99 and a beta of 1.44.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Brookdale Senior Living by 25.7% during the 1st quarter. BlackRock Inc. now owns 30,796,560 shares of the company’s stock valued at $217,115,000 after acquiring an additional 6,299,168 shares during the last quarter. Vanguard Group Inc. lifted its position in Brookdale Senior Living by 1.8% during the third quarter. Vanguard Group Inc. now owns 17,384,334 shares of the company’s stock valued at $74,232,000 after purchasing an additional 315,197 shares during the last quarter. Glenview Capital Management LLC grew its stake in shares of Brookdale Senior Living by 23.3% in the 1st quarter. Glenview Capital Management LLC now owns 12,586,280 shares of the company’s stock worth $88,733,000 after buying an additional 2,374,631 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Brookdale Senior Living by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,273,433 shares of the company’s stock worth $72,428,000 after buying an additional 47,747 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C raised its position in shares of Brookdale Senior Living by 59.7% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 8,592,461 shares of the company’s stock valued at $39,010,000 after buying an additional 3,213,461 shares in the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BKD. StockNews.com raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Friday. Barclays dropped their price target on Brookdale Senior Living from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, October 21st. Finally, Royal Bank of Canada reduced their price objective on shares of Brookdale Senior Living from $8.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 10th.

About Brookdale Senior Living

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Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.

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