Nuveen Asset Management LLC Sells 1,832,729 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Nuveen Asset Management LLC trimmed its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 48.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,972,722 shares of the company's stock after selling 1,832,729 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.99% of Brookdale Senior Living worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Brookdale Senior Living in the 4th quarter valued at approximately $33,000. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock worth $49,000 after buying an additional 9,707 shares during the last quarter. Crestline Management LP acquired a new stake in shares of Brookdale Senior Living in the fourth quarter valued at about $64,000. Freestone Grove Partners LP acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth approximately $65,000. Finally, Cibc World Markets Corp bought a new stake in Brookdale Senior Living in the 4th quarter valued at $90,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BKD shares. Royal Bank of Canada upped their price objective on Brookdale Senior Living from $8.00 to $9.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Barclays raised their price objective 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. Finally, Macquarie reaffirmed an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $7.70.

Brookdale Senior Living Stock Up 0.5%

NYSE BKD traded up $0.03 during trading hours on Friday, hitting $6.51. 1,640,956 shares of the company traded hands, compared to its average volume of 2,422,864. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -7.31 and a beta of 0.83. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $8.12. The business's 50-day moving average is $6.31 and its 200-day moving average is $5.65.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. Sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

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.