Princeton Portfolio Strategies Group LLC raised its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 13.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,136 shares of the company’s stock after buying an additional 9,430 shares during the period. Princeton Portfolio Strategies Group LLC’s holdings in Brookdale Senior Living were worth $1,049,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Glenview Capital Management LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at approximately $206,550,000. Brookfield Asset Management Inc. increased its stake in shares of Brookdale Senior Living by 465.5% in the third quarter. Brookfield Asset Management Inc. now owns 8,587,315 shares of the company’s stock valued at $149,849,000 after buying an additional 7,068,865 shares during the period. Wellington Management Group LLP increased its stake in shares of Brookdale Senior Living by 125.2% in the first quarter. Wellington Management Group LLP now owns 5,241,746 shares of the company’s stock valued at $70,398,000 after buying an additional 2,914,451 shares during the period. Norges Bank bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at about $19,737,000. Finally, Dalton Greiner Hartman Maher & Co. bought a new stake in shares of Brookdale Senior Living during the first quarter valued at about $20,383,000.
Brookdale Senior Living Inc. (BKD) traded up 2.23% during midday trading on Tuesday, reaching $15.11. The company had a trading volume of 1,981,081 shares. The stock’s 50 day moving average is $13.96 and its 200 day moving average is $13.67. The company’s market capitalization is $2.81 billion. Brookdale Senior Living Inc. has a one year low of $10.65 and a one year high of $18.62.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. Brookdale Senior Living had a negative net margin of 9.77% and a positive return on equity of 13.22%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company posted $0.58 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts forecast that Brookdale Senior Living Inc. will post $1.80 earnings per share for the current fiscal year.
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A number of analysts have recently commented on BKD shares. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Jefferies Group LLC reiterated a “buy” rating on shares of Brookdale Senior Living in a report on Tuesday, May 2nd. Finally, ValuEngine cut Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $19.29.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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