Vanguard Group Inc. Lowers Stock Holdings in Brookdale Senior Living Inc. $BKD

Vanguard Group Inc. reduced its position in Brookdale Senior Living Inc. (NYSE:BKD) by 2.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,886,686 shares of the company’s stock after selling 448,428 shares during the period. Vanguard Group Inc. owned about 9.43% of Brookdale Senior Living worth $118,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKD. Legal & General Group Plc grew its stake in Brookdale Senior Living by 4.7% in the 4th 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 period. Barclays PLC grew its stake in Brookdale Senior Living by 11.0% in the 4th quarter. Barclays PLC now owns 358,032 shares of the company’s stock worth $1,801,000 after acquiring an additional 35,365 shares during the period. Dimensional Fund Advisors LP grew its stake in Brookdale Senior Living by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company’s stock worth $35,916,000 after acquiring an additional 164,239 shares during the period. MetLife Investment Management LLC grew its stake in Brookdale Senior Living by 1.8% in the 4th 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 period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Brookdale Senior Living by 53.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 401,338 shares of the company’s stock worth $2,019,000 after acquiring an additional 139,851 shares during the period.

Brookdale Senior Living Stock Up 0.3%

Shares of NYSE BKD opened at $7.3350 on Friday. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.01. The firm has a fifty day moving average of $7.30 and a 200-day moving average of $6.48. The stock has a market capitalization of $1.72 billion, a PE ratio of -6.99 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. On average, analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays set a $8.00 target price on shares of Brookdale Senior Living and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and a consensus target price of $7.80.

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.