Invesco Ltd. Sells 661,348 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Invesco Ltd. lessened its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,358,445 shares of the company's stock after selling 661,348 shares during the period. Invesco Ltd. owned 0.68% of Brookdale Senior Living worth $6,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $33,000. Cibc World Markets Corp purchased a new stake in Brookdale Senior Living in the 4th quarter valued at approximately $90,000. Illumine Investment Management LLC acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth $101,000. Retirement Income Solutions Inc acquired a new stake in shares of Brookdale Senior Living during the 4th quarter worth about $114,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at approximately $165,000.

Wall Street Analyst Weigh In

BKD has been the topic of several research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Thursday, April 10th. Macquarie reaffirmed an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Barclays raised their price target on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.50.

Brookdale Senior Living Stock Up 0.9 %

Shares of BKD traded up $0.06 during trading hours on Wednesday, reaching $6.57. The company's stock had a trading volume of 1,965,559 shares, compared to its average volume of 2,365,147. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -7.38 and a beta of 0.87. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a 50 day moving average of $5.96 and a two-hundred day moving average of $5.57. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.12.

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

Brookdale Senior Living Company Profile

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.