Brookdale Senior Living Inc. (NYSE:BKD) Shares Sold by Adelante Capital Management LLC

Adelante Capital Management LLC decreased its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,625,835 shares of the company's stock after selling 152,707 shares during the period. Brookdale Senior Living accounts for about 4.8% of Adelante Capital Management LLC's portfolio, making the stock its 9th largest position. Adelante Capital Management LLC owned 0.82% of Brookdale Senior Living worth $75,357,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. R Squared Ltd bought a new position in Brookdale Senior Living in the fourth quarter worth approximately $33,000. Cibc World Markets Corp bought a new position in shares of Brookdale Senior Living in the 4th quarter worth $90,000. Illumine Investment Management LLC purchased a new stake in shares of Brookdale Senior Living during the 4th quarter worth $101,000. Optimize Financial Inc bought a new stake in Brookdale Senior Living during the fourth quarter valued at about $113,000. Finally, Retirement Income Solutions Inc purchased a new position in Brookdale Senior Living in the fourth quarter valued at about $114,000.

Brookdale Senior Living Stock Performance

NYSE:BKD traded up $0.06 during trading hours on Monday, hitting $6.64. 549,157 shares of the company were exchanged, compared to its average volume of 2,347,657. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.12. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -7.45 and a beta of 0.87. The company's 50 day moving average price is $5.99 and its 200-day moving average price is $5.57.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). The firm had revenue of $780.95 million during the quarter, compared to analysts' expectations of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. As a group, research analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

BKD has been the subject of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Thursday, April 10th. Barclays increased their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a research report on Wednesday, April 16th. Finally, Macquarie reaffirmed an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.50.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.