Adelante Capital Management LLC bought a new position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 504,410 shares of the company's stock, valued at approximately $8,116,000. Adelante Capital Management LLC owned 0.21% of Brookdale Senior Living at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its stake in Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock valued at $29,000 after buying an additional 2,675 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter worth approximately $43,000. Larson Financial Group LLC bought a new position in shares of Brookdale Senior Living in the third quarter valued at approximately $59,000. Strs Ohio acquired a new position in shares of Brookdale Senior Living during the first quarter valued at approximately $61,000. Finally, Persistent Asset Partners Ltd bought a new stake in Brookdale Senior Living during the second quarter worth approximately $66,000.
Brookdale Senior Living Stock Performance
Shares of BKD opened at $12.20 on Thursday. The company has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $14.09. Brookdale Senior Living Inc. has a 52 week low of $7.29 and a 52 week high of $17.09. The firm has a market capitalization of $2.91 billion, a P/E ratio of -21.03, a P/E/G ratio of 5.91 and a beta of 0.60.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The firm had revenue of $718.58 million for the quarter, compared to analysts' expectations of $735.63 million. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on BKD shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Monday. Compass Point started coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a "buy" rating and a $22.00 price objective on the stock. Finally, Barclays decreased their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.40.
Get Our Latest Analysis on BKD
Brookdale Senior Living Profile
(
Free Report)
Brookdale Senior Living Inc NYSE: BKD is one of the nation's largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.
Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.
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