Brookdale Senior Living Inc. (NYSE:BKD) Stock Position Reduced by Arizona State Retirement System

Arizona State Retirement System trimmed its position in Brookdale Senior Living Inc. (NYSE:BKD) by 8.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,694 shares of the company’s stock after selling 4,021 shares during the quarter. Arizona State Retirement System’s holdings in Brookdale Senior Living were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in Brookdale Senior Living by 25.7% in the first quarter. BlackRock Inc. now owns 30,796,560 shares of the company’s stock worth $217,115,000 after acquiring an additional 6,299,168 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Brookdale Senior Living by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,384,334 shares of the company’s stock worth $74,232,000 after purchasing an additional 315,197 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brookdale Senior Living by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,273,433 shares of the company’s stock valued at $72,428,000 after purchasing an additional 47,747 shares during the period. Goldman Sachs Group Inc. grew its stake in Brookdale Senior Living by 1.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,474,272 shares of the company’s stock worth $20,313,000 after buying an additional 67,157 shares during the last quarter. Finally, State Street Corp increased its position in Brookdale Senior Living by 2.3% in the third quarter. State Street Corp now owns 4,337,559 shares of the company’s stock worth $18,521,000 after buying an additional 96,067 shares during the period.

Brookdale Senior Living Trading Down 3.6 %

Shares of BKD stock opened at $4.20 on Friday. The firm has a market capitalization of $789.58 million, a PE ratio of -7.36 and a beta of 1.26. The company has a debt-to-equity ratio of 7.25, a quick ratio of 0.95 and a current ratio of 0.95. Brookdale Senior Living Inc. has a 1 year low of $2.27 and a 1 year high of $5.07. The stock has a fifty day moving average of $4.02 and a two-hundred day moving average of $3.97.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 7th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. Brookdale Senior Living had a negative net margin of 4.17% and a negative return on equity of 27.43%. The firm had revenue of $750.79 million for the quarter. As a group, research analysts expect that Brookdale Senior Living Inc. will post -0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKD. StockNews.com lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $7.00 target price on shares of Brookdale Senior Living in a research report on Tuesday, October 10th.

Brookdale Senior Living Company Profile

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.