Vanguard Group Inc. boosted its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,109,046 shares of the company’s stock after buying an additional 453,593 shares during the period. Vanguard Group Inc. owned about 7.06% of Brookdale Senior Living worth $202,404,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Real Estate Management Services LLC bought a new position in Brookdale Senior Living during the second quarter valued at approximately $20,402,000. Kingstown Capital Management L.P. boosted its position in shares of Brookdale Senior Living by 40.0% in the first quarter. Kingstown Capital Management L.P. now owns 3,500,000 shares of the company’s stock worth $55,580,000 after buying an additional 1,000,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Brookdale Senior Living by 116.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,826,549 shares of the company’s stock worth $28,202,000 after buying an additional 982,780 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Brookdale Senior Living during the second quarter worth approximately $10,477,000. Finally, KBC Group NV purchased a new position in shares of Brookdale Senior Living during the second quarter worth approximately $8,253,000.
Shares of Brookdale Senior Living Inc. (NYSE:BKD) opened at 15.30 on Monday. The firm’s market cap is $2.84 billion. Brookdale Senior Living Inc. has a 12-month low of $11.28 and a 12-month high of $23.92. The company has a 50 day moving average price of $17.08 and a 200 day moving average price of $17.23.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.78. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Brookdale Senior Living had a positive return on equity of 10.13% and a negative net margin of 6.54%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.46) earnings per share. On average, analysts forecast that Brookdale Senior Living Inc. will post ($0.10) earnings per share for the current fiscal year.
A number of equities analysts have commented on the company. TheStreet raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Wells Fargo & Co. reissued a “buy” rating on shares of Brookdale Senior Living in a report on Monday, October 10th. Jefferies Group reissued a “buy” rating and set a $29.00 target price on shares of Brookdale Senior Living in a report on Tuesday, August 9th. JMP Securities reduced their target price on Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a report on Wednesday, August 24th. Finally, Zacks Investment Research cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $23.83.
About Brookdale Senior Living
Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.
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