Deutsche Bank AG purchased a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,869,286 shares of the company’s stock, valued at approximately $46,167,000.
Several other large investors have also bought and sold shares of BKD. Royal Bank of Canada lifted its stake in Brookdale Senior Living by 3.4% in the 1st quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after purchasing an additional 36,604 shares during the last quarter. AQR Capital Management LLC increased its holdings in Brookdale Senior Living by 34.2% in the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after purchasing an additional 6,507 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Brookdale Senior Living by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after purchasing an additional 4,323 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock valued at $13,591,000 after purchasing an additional 876,222 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Brookdale Senior Living during the first quarter worth about $181,000.
Brookdale Senior Living Price Performance
BKD opened at $11.81 on Friday. Brookdale Senior Living Inc. has a twelve month low of $7.29 and a twelve month high of $17.09. The company has a fifty day moving average of $14.31 and a 200-day moving average of $14.17. The stock has a market cap of $2.82 billion, a PE ratio of -20.36, a price-to-earnings-growth ratio of 5.72 and a beta of 0.60.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Barclays reduced their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, Compass Point began coverage on Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.40.
View Our Latest Analysis on BKD
Brookdale Senior Living Company 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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