Private Advisor Group LLC acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD – Free Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 39,997 shares of the company’s stock, valued at approximately $547,000.
Several other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in shares of Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after acquiring an additional 2,675 shares during the last quarter. Strs Ohio purchased a new stake in Brookdale Senior Living in the 1st quarter valued at $70,000. FNY Investment Advisers LLC acquired a new stake in Brookdale Senior Living during the 4th quarter worth $62,000. Larson Financial Group LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter worth $59,000. Finally, KBC Group NV purchased a new position in Brookdale Senior Living during the 4th quarter worth $84,000.
Analysts Set New Price Targets
A number of research analysts have commented on BKD shares. Compass Point began coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock. Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Stephens initiated coverage on Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price target on the stock. Finally, Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.60.
Brookdale Senior Living Stock Up 6.7%
Shares of NYSE:BKD opened at $15.29 on Friday. The company has a market cap of $3.65 billion, a P/E ratio of -17.77 and a beta of 0.58. Brookdale Senior Living Inc. has a 52 week low of $6.99 and a 52 week high of $17.09. The company has a 50-day moving average price of $13.81 and a 200 day moving average price of $13.82.
Brookdale Senior Living (NYSE:BKD – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $764.86 million for the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. Analysts expect that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.
Brookdale Senior Living Profile
Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.
Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.
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