Brookdale Senior Living Inc. (NYSE:BKD) Stock Position Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 128.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,500 shares of the company's stock after acquiring an additional 284,600 shares during the period. Canada Pension Plan Investment Board owned about 0.25% of Brookdale Senior Living worth $2,543,000 at the end of the most recent quarter.

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

Brookdale Senior Living Stock Performance

Shares of BKD stock traded up $0.08 during trading hours on Monday, reaching $6.38. The stock had a trading volume of 2,663,992 shares, compared to its average volume of 2,357,095. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50-day simple moving average of $5.91 and a 200-day simple moving average of $5.56. The firm has a market capitalization of $1.28 billion, a PE ratio of -7.17 and a beta of 0.87. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $8.12.

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

Analyst Ratings Changes

A number of analysts have weighed in on BKD shares. Barclays increased their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Brookdale Senior Living presently has an average rating of "Hold" and an average price target of $7.50.

Brookdale Senior Living 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.