Brookdale Senior Living Inc. $BKD Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase cut its stake in Brookdale Senior Living by 54.1%, selling 1,127,890 shares in Q3 and now holding 958,709 shares (about 0.40% of the company) valued at $8.12 million.
• Brookdale reported quarterly EPS of -$0.17 (missing estimates by $0.01) with revenue roughly in line, and the company shows strained profitability (negative ROE of 305.28% and net margin -8.22%) and a negative P/E of -12.08; analysts maintain a consensus "Moderate Buy" with a $16.00 target.

JPMorgan Chase & Co. reduced its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 54.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 958,709 shares of the company's stock after selling 1,127,890 shares during the quarter. JPMorgan Chase & Co. owned about 0.40% of Brookdale Senior Living worth $8,120,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in Brookdale Senior Living during the 3rd quarter valued at approximately $59,000. Strs Ohio acquired a new stake in shares of Brookdale Senior Living during the first quarter worth $61,000. Covestor Ltd lifted its stake in shares of Brookdale Senior Living by 55.8% during the third quarter. Covestor Ltd now owns 9,576 shares of the company's stock worth $81,000 after buying an additional 3,428 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Brookdale Senior Living during the third quarter valued at $85,000. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Brookdale Senior Living in the 3rd quarter valued at $85,000.

Brookdale Senior Living Trading Down 3.0%

NYSE BKD opened at $13.40 on Tuesday. Brookdale Senior Living Inc. has a 1 year low of $4.97 and a 1 year high of $17.09. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $3.19 billion, a PE ratio of -12.08 and a beta of 0.68. The company has a fifty day moving average of $14.68 and a 200 day moving average of $11.52.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $754.09 million for the quarter, compared to analyst estimates of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. Research analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BKD has been the subject of a number of research analyst reports. Citigroup upgraded Brookdale Senior Living to a "buy" rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Barclays raised their price objective on Brookdale Senior Living to $18.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Finally, Bank of America upgraded Brookdale Senior Living from an "underperform" rating to a "buy" rating and upped their target price for the company from $6.75 to $13.00 in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Brookdale Senior Living Profile

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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