Brookdale Senior Living Inc. (NYSE:BKD) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 449.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,531 shares of the company’s stock after purchasing an additional 111,686 shares during the quarter. Principal Financial Group Inc. owned approximately 0.07% of Brookdale Senior Living worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Brookdale Senior Living during the first quarter worth about $130,000. Russell Investments Group Ltd. purchased a new stake in Brookdale Senior Living in the first quarter valued at approximately $354,000. ProShare Advisors LLC lifted its stake in Brookdale Senior Living by 8.5% in the first quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock valued at $221,000 after buying an additional 2,637 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Brookdale Senior Living by 1.2% in the first quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock valued at $120,774,000 after acquiring an additional 220,199 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Brookdale Senior Living by 143.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 38,262 shares of the company’s stock worth $253,000 after acquiring an additional 22,568 shares during the last quarter.

Brookdale Senior Living Trading Up 2.8 %

Shares of Brookdale Senior Living stock opened at $5.48 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -5.96 and a beta of 1.32. Brookdale Senior Living Inc. has a 52-week low of $5.08 and a 52-week high of $8.12. The company’s 50-day simple moving average is $6.13 and its 200-day simple moving average is $6.72. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The business had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same period in the prior year, the business earned ($0.22) earnings per share. As a group, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Macquarie reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of “Hold” and a consensus price target of $7.75.

Brookdale Senior Living 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.