FMR LLC raised its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 27.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,145,500 shares of the company’s stock after acquiring an additional 243,700 shares during the quarter. FMR LLC owned approximately 0.62% of Brookdale Senior Living worth $16,851,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new stake in Brookdale Senior Living during the 2nd quarter worth about $101,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Brookdale Senior Living by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock worth $102,000 after buying an additional 761 shares during the period. Opera Trading Capital acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth about $110,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at approximately $159,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $169,000. 98.28% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada dropped their price objective on Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus reduced their target price on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday. Jefferies Group LLC set a $14.00 target price on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, October 20th. ValuEngine lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, September 3rd. Finally, BidaskClub downgraded Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Three analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.30.
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Shares of Brookdale Senior Living Inc. (NYSE:BKD) traded down $0.01 on Friday, hitting $10.23. The company’s stock had a trading volume of 2,428,300 shares, compared to its average volume of 3,439,600. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.52 and a current ratio of 0.83. Brookdale Senior Living Inc. has a 52-week low of $8.78 and a 52-week high of $16.31.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($1.97). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. Brookdale Senior Living’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. research analysts anticipate that Brookdale Senior Living Inc. will post -2.08 earnings per share for the current fiscal year.
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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