Canada Pension Plan Investment Board Invests $9.02 Million in Brookdale Senior Living Inc. $BKD

Key Points

• Canada Pension Plan Investment Board acquired 560,800 Brookdale Senior Living shares worth approximately $9.02 million, representing a 0.23% stake.
• Brookdale shares opened at $11.73, down 3.0%, and remain below their 50-day and 200-day moving averages. The company reported quarterly EPS of $0.10, beating estimates, while revenue of $718.58 million fell short of expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $17.40 price target, despite one sell rating and Barclays lowering its target to $17.

Canada Pension Plan Investment Board purchased a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 560,800 shares of the company's stock, valued at approximately $9,023,000. Canada Pension Plan Investment Board owned 0.23% of Brookdale Senior Living as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BKD. Osaic Holdings Inc. increased its position in Brookdale Senior Living by 7.1% in the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company's stock worth $140,000 after purchasing an additional 1,331 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Brookdale Senior Living by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company's stock valued at $1,500,000 after purchasing an additional 1,436 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Brookdale Senior Living by 4.5% in the 1st quarter. Quantinno Capital Management LP now owns 48,383 shares of the company's stock valued at $662,000 after purchasing an additional 2,095 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Brookdale Senior Living by 5.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company's stock worth $531,000 after buying an additional 2,160 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of 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 worth $29,000 after buying an additional 2,675 shares during the period.

Brookdale Senior Living Stock Down 3.0%

BKD opened at $11.73 on Friday. Brookdale Senior Living Inc. has a 12 month low of $7.29 and a 12 month high of $17.09. The company has a fifty day simple moving average of $14.15 and a 200 day simple moving average of $14.05. The stock has a market cap of $2.80 billion, a P/E ratio of -20.22, a P/E/G ratio of 5.67 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $735.63 million. On average, equities research analysts expect that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BKD. Weiss Ratings restated a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Barclays lowered 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. Finally, Compass Point started coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a "buy" rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Brookdale Senior Living has an average rating of "Moderate Buy" and a consensus target price of $17.40.

About Brookdale Senior Living

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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