Bank of New York Mellon Corp purchased a new position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 744,283 shares of the company's stock, valued at approximately $11,976,000. Bank of New York Mellon Corp owned about 0.31% of Brookdale Senior Living at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock worth $29,000 after purchasing an additional 2,675 shares during the last quarter. Strs Ohio bought a new stake in Brookdale Senior Living during the first quarter worth approximately $70,000. Larson Financial Group LLC acquired a new position in Brookdale Senior Living during the third quarter valued at approximately $59,000. Swiss Life Asset Management Ltd acquired a new position in Brookdale Senior Living during the fourth quarter valued at approximately $114,000. Finally, Amundi bought a new position in shares of Brookdale Senior Living in the first quarter valued at approximately $152,000.
Analysts Set New Price Targets
Several analysts recently issued reports on BKD shares. Compass Point initiated coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a "buy" rating and a $22.00 price objective for the company. Barclays dropped their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, August 11th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.40.
Get Our Latest Analysis on BKD
Brookdale Senior Living Stock Up 0.9%
Shares of BKD stock opened at $11.90 on Wednesday. Brookdale Senior Living Inc. has a 12 month low of $7.29 and a 12 month high of $17.09. The firm has a market cap of $2.84 billion, a PE ratio of -20.52, a price-to-earnings-growth ratio of 5.71 and a beta of 0.58. The stock has a 50 day moving average of $14.07 and a 200-day moving average of $13.96.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.16. The business had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. As a group, equities analysts predict that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.
Brookdale Senior Living Company 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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