Corebridge Financial Inc. Lowers Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Corebridge Financial Inc. reduced its position in Brookdale Senior Living Inc. (NYSE:BKD) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,163 shares of the company’s stock after selling 7,183 shares during the quarter. Corebridge Financial Inc.’s holdings in Brookdale Senior Living were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKD. R Squared Ltd purchased a new position in shares of Brookdale Senior Living during the 4th quarter valued at $33,000. Cibc World Markets Corp bought a new stake in Brookdale Senior Living during the fourth quarter valued at about $90,000. Illumine Investment Management LLC purchased a new position in shares of Brookdale Senior Living in the fourth quarter valued at about $101,000. Retirement Income Solutions Inc bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $114,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Brookdale Senior Living during the fourth quarter worth about $165,000.

Brookdale Senior Living Stock Down 8.3 %

Shares of BKD opened at $5.13 on Wednesday. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -5.76 and a beta of 0.87. Brookdale Senior Living Inc. has a 1 year low of $4.45 and a 1 year high of $8.12. The business’s 50 day simple moving average is $5.55 and its 200-day simple moving average is $5.58.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The business had revenue of $780.95 million for the quarter, compared to analysts’ expectations of $781.78 million. As a group, equities analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BKD has been the topic of a number of research analyst reports. Macquarie reissued an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Thursday, February 20th. Finally, Barclays started coverage on shares of Brookdale Senior Living in a research note on Tuesday, April 1st. They set an “equal weight” rating and a $7.00 target price for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of “Hold” and an average price target of $7.40.

About Brookdale Senior Living

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.