Virginia Retirement Systems ET AL grew its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD – Get Rating) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,700 shares of the company’s stock after purchasing an additional 8,000 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Brookdale Senior Living were worth $200,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp acquired a new position in shares of Brookdale Senior Living during the third quarter worth about $69,000. M&T Bank Corp acquired a new position in shares of Brookdale Senior Living in the third quarter worth about $95,000. National Bank of Canada FI acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth about $134,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Brookdale Senior Living in the third quarter worth about $164,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Brookdale Senior Living by 28.5% in the third quarter. Teacher Retirement System of Texas now owns 29,568 shares of the company’s stock worth $186,000 after acquiring an additional 6,557 shares in the last quarter. Institutional investors own 96.65% of the company’s stock.
Several research analysts recently commented on BKD shares. Zacks Investment Research upgraded Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 1st. StockNews.com cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Monday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.00.
Shares of NYSE BKD opened at $6.61 on Friday. The stock’s 50 day moving average price is $6.93 and its two-hundred day moving average price is $6.27. Brookdale Senior Living Inc. has a 52-week low of $4.64 and a 52-week high of $8.95. The stock has a market capitalization of $1.22 billion, a P/E ratio of -11.20 and a beta of 1.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 6.16.
Brookdale Senior Living (NYSE:BKD – Get Rating) last announced its quarterly earnings data on Monday, February 14th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.04). Brookdale Senior Living had a negative net margin of 3.60% and a negative return on equity of 46.65%. The firm had revenue of $643.87 million for the quarter, compared to analyst estimates of $646.96 million. During the same quarter in the previous year, the company earned ($0.17) EPS. On average, analysts anticipate that Brookdale Senior Living Inc. will post -0.98 EPS for the current year.
Brookdale Senior Living Profile (Get Rating)
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.
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