Ameriprise Financial Inc. Buys New Position in Brookdale Senior Living Inc. (NYSE:BKD)

Ameriprise Financial Inc. bought a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,872 shares of the company’s stock, valued at approximately $135,000.

Several other hedge funds have also recently added to or reduced their stakes in BKD. Freestone Grove Partners LP acquired a new position in Brookdale Senior Living in the 4th quarter valued at approximately $65,000. Cibc World Markets Corp acquired a new position in Brookdale Senior Living in the 4th quarter valued at approximately $90,000. Illumine Investment Management LLC acquired a new position in Brookdale Senior Living in the 4th quarter valued at approximately $101,000. Optimize Financial Inc acquired a new position in Brookdale Senior Living in the 4th quarter valued at approximately $113,000. Finally, Retirement Income Solutions Inc acquired a new position in Brookdale Senior Living in the 4th quarter valued at approximately $114,000.

Analyst Ratings Changes

Several equities analysts have commented on BKD shares. Barclays upped their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a report on Wednesday, April 16th. 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. Finally, Royal Bank of Canada increased their target price on Brookdale Senior Living from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.70.

Brookdale Senior Living Trading Down 0.1%

Shares of BKD opened at $6.69 on Friday. Brookdale Senior Living Inc. has a 1 year low of $4.45 and a 1 year high of $8.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The stock has a 50 day simple moving average of $6.36 and a 200-day simple moving average of $5.70. The stock has a market cap of $1.57 billion, a PE ratio of -7.52 and a beta of 0.81.

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