Deutsche Bank AG Acquires Shares of 2,869,286 Brookdale Senior Living Inc. $BKD

Key Points

• Deutsche Bank acquired 2.87 million Brookdale Senior Living shares worth approximately $46.2 million, giving it a 1.20% stake. Other institutional investors also increased or initiated positions in BKD.
• Analysts maintain a generally positive view, with Brookdale rated “Moderate Buy” and a consensus price target of $17.40, despite mixed recommendations ranging from “Strong Buy” to “Sell.”
• Brookdale reported quarterly earnings of $0.10 per share, beating estimates of a $0.06 loss, while revenue of $718.6 million fell short of expectations. Shares opened at $11.81, below the consensus target and near the midpoint of their 52-week range.

Deutsche Bank AG bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,869,286 shares of the company's stock, valued at approximately $46,167,000. Deutsche Bank AG owned 1.20% of Brookdale Senior Living as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKD. Caitong International Asset Management Co. Ltd increased its holdings in Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock valued at $29,000 after purchasing an additional 2,675 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Brookdale Senior Living during the third quarter worth $59,000. Strs Ohio bought a new position in shares of Brookdale Senior Living during the first quarter worth $61,000. Persistent Asset Partners Ltd bought a new stake in shares of Brookdale Senior Living in the second quarter worth about $66,000. Finally, Lazard Asset Management LLC increased its stake in Brookdale Senior Living by 41.0% during the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company's stock worth $87,000 after purchasing an additional 3,644 shares in the last quarter.

Wall Street Analyst Weigh In

BKD has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Brookdale Senior Living from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, May 27th. Barclays reduced 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 Brookdale Senior Living in a research report on Monday, June 15th. They set a "buy" rating and a $22.00 price target on the stock. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.40.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $11.81 on Friday. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -20.36, a price-to-earnings-growth ratio of 5.72 and a beta of 0.60. Brookdale Senior Living Inc. has a twelve month low of $7.29 and a twelve month high of $17.09. The company has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $14.17.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.16. The company had revenue of $718.58 million during 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%. On average, sell-side analysts anticipate that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Brookdale Senior Living Company 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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