Investors Purchase High Volume of Put Options on Brookdale Senior Living (BKD)

Brookdale Senior Living, Inc. (NYSE:BKD) was the target of unusually large options trading activity on Monday. Stock investors purchased 3,961 put options on the stock. This is an increase of 2,558% compared to the typical volume of 149 put options.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of Brookdale Senior Living by 21.0% in the third quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock worth $126,862,000 after purchasing an additional 2,080,341 shares during the period. Land & Buildings Investment Management LLC boosted its position in shares of Brookdale Senior Living by 36.3% in the fourth quarter. Land & Buildings Investment Management LLC now owns 6,816,974 shares of the company’s stock worth $66,125,000 after purchasing an additional 1,816,200 shares during the period. Macquarie Group Ltd. boosted its position in shares of Brookdale Senior Living by 37.0% in the fourth quarter. Macquarie Group Ltd. now owns 6,239,637 shares of the company’s stock worth $60,525,000 after purchasing an additional 1,684,547 shares during the period. State Street Corp boosted its position in shares of Brookdale Senior Living by 1.2% in the second quarter. State Street Corp now owns 2,599,350 shares of the company’s stock worth $38,236,000 after purchasing an additional 29,911 shares during the period. Finally, Long Pond Capital LP bought a new position in shares of Brookdale Senior Living in the fourth quarter worth approximately $23,075,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Several research analysts have issued reports on the stock. Stephens set a $16.00 target price on shares of Brookdale Senior Living and gave the stock a “buy” rating in a report on Monday, November 20th. Stifel Nicolaus decreased their target price on shares of Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a report on Monday, December 18th. Finally, Royal Bank of Canada decreased their target price on shares of Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.60.

Brookdale Senior Living (NYSE BKD) opened at $9.20 on Tuesday. The firm has a market cap of $1,714.80, a P/E ratio of -2.00 and a beta of 1.64. Brookdale Senior Living has a 12-month low of $8.78 and a 12-month high of $15.66. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.83 and a quick ratio of 0.83.

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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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