Adelante Capital Management LLC Sells 122,985 Shares of Brookdale Senior Living Inc. $BKD

Key Points

• Adelante Capital Management LLC sold 122,985 shares of Brookdale Senior Living, reducing its holdings by 7.6% during the 1st quarter, bringing its total ownership to 1,502,850 shares valued at approximately $9.4 million.
• Brookdale Senior Living reported a loss of ($0.18) earnings per share for the last quarter, which was below analysts' expectations, alongside revenue of $812.94 million compared to an expected $817.63 million.
• Brokerages have mixed ratings on Brookdale Senior Living, with Barclays setting a target price of $8.00 and a consensus rating of "Hold" reflecting investor caution.

Adelante Capital Management LLC trimmed its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 7.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,502,850 shares of the company's stock after selling 122,985 shares during the period. Adelante Capital Management LLC owned approximately 0.64% of Brookdale Senior Living worth $9,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKD. GAMMA Investing LLC increased its position in Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after buying an additional 6,838 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Brookdale Senior Living during the 1st quarter valued at about $47,000. Lazard Asset Management LLC boosted its stake in Brookdale Senior Living by 6,029.2% during the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after purchasing an additional 9,707 shares during the last quarter. Crestline Management LP acquired a new position in Brookdale Senior Living during the 4th quarter valued at about $64,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Brookdale Senior Living during the 4th quarter valued at about $80,000.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD traded up $0.10 during mid-day trading on Friday, hitting $7.55. The company had a trading volume of 884,130 shares, compared to its average volume of 2,892,211. The stock's 50-day moving average price is $7.55 and its 200-day moving average price is $6.75. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -7.20 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a 1 year low of $4.45 and a 1 year high of $8.29.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The firm had revenue of $812.94 million for the quarter, compared to analysts' expectations of $817.63 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. On average, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Analyst Ratings Changes

BKD has been the subject of a number of analyst reports. Barclays set a $8.00 price target on Brookdale Senior Living and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Royal Bank Of Canada reiterated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $7.80.

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.