Bank of America Corp DE Sells 540,622 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Bank of America Corp DE lowered its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,219,697 shares of the company’s stock after selling 540,622 shares during the quarter. Bank of America Corp DE owned approximately 1.11% of Brookdale Senior Living worth $11,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MetLife Investment Management LLC lifted its holdings in shares of Brookdale Senior Living by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock worth $568,000 after acquiring an additional 1,953 shares during the last quarter. R Squared Ltd bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $33,000. Legal & General Group Plc lifted its holdings in shares of Brookdale Senior Living by 4.7% in the fourth quarter. Legal & General Group Plc now owns 219,560 shares of the company’s stock worth $1,104,000 after acquiring an additional 9,851 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Brookdale Senior Living by 2.9% in the fourth quarter. Swiss National Bank now owns 368,439 shares of the company’s stock worth $1,853,000 after acquiring an additional 10,500 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $65,000.

Wall Street Analyst Weigh In

BKD has been the subject of a number of research reports. Macquarie reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Royal Bank of Canada increased their target price on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, Barclays raised their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.70.

Brookdale Senior Living Stock Up 0.1%

Shares of NYSE BKD opened at $6.43 on Friday. The company has a 50 day simple moving average of $6.26 and a 200 day simple moving average of $5.62. The firm has a market cap of $1.51 billion, a PE ratio of -7.22 and a beta of 0.83. Brookdale Senior Living Inc. has a 1 year low of $4.45 and a 1 year high of $8.12. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. On average, research analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

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.