Forward Management LLC Reduces Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Forward Management LLC cut its position in Brookdale Senior Living Inc. (NYSE:BKD) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,900 shares of the company’s stock after selling 5,800 shares during the period. Forward Management LLC’s holdings in Brookdale Senior Living were worth $2,720,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Chartwell Investment Partners LLC purchased a new position in Brookdale Senior Living during the first quarter worth about $1,458,000. Guggenheim Capital LLC increased its position in Brookdale Senior Living by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 14,274 shares of the company’s stock worth $177,000 after buying an additional 530 shares during the period. Neuberger Berman Group LLC increased its position in Brookdale Senior Living by 56.6% in the first quarter. Neuberger Berman Group LLC now owns 19,926 shares of the company’s stock worth $268,000 after buying an additional 7,200 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Brookdale Senior Living during the first quarter worth about $3,995,000. Finally, New South Capital Management Inc. increased its position in Brookdale Senior Living by 26.4% in the first quarter. New South Capital Management Inc. now owns 6,205,928 shares of the company’s stock worth $83,345,000 after buying an additional 1,298,098 shares during the period.

Shares of Brookdale Senior Living Inc. (NYSE:BKD) opened at 12.75 on Thursday. Brookdale Senior Living Inc. has a 52-week low of $10.65 and a 52-week high of $18.34. The stock’s market capitalization is $2.37 billion. The company’s 50 day moving average price is $14.21 and its 200 day moving average price is $13.91.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.79. Brookdale Senior Living had a negative net margin of 10.14% and a positive return on equity of 5.85%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company earned ($0.19) earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Brookdale Senior Living Inc. will post $1.80 EPS for the current year.

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Several equities analysts have recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $16.50 price target on shares of Brookdale Senior Living in a report on Friday, July 14th. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Stifel Nicolaus reduced their price target on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday. BidaskClub downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, ValuEngine downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.29.

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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Institutional Ownership by Quarter for Brookdale Senior Living (NYSE:BKD)

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