The Manufacturers Life Insurance Company Makes New $1.92 Million Investment in Brookdale Senior Living Inc. $BKD

Key Points

• The Manufacturers Life Insurance Company purchased 119,325 Brookdale Senior Living shares in the second quarter, worth approximately $1.92 million. Several other institutional investors also initiated or increased positions.
• Brookdale reported quarterly EPS of $0.10, beating analysts’ estimate of a $0.06 loss, while revenue of $718.58 million fell short of the $735.63 million consensus forecast.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus rating and an average price target of $17.40, compared with the stock’s reported price of $11.95.

The Manufacturers Life Insurance Company 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 filing with the Securities and Exchange Commission (SEC). The firm purchased 119,325 shares of the company's stock, valued at approximately $1,920,000.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 worth $29,000 after buying an additional 2,675 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Brookdale Senior Living in the 2nd quarter valued at $43,000. Persistent Asset Partners Ltd bought a new position in Brookdale Senior Living in the 2nd quarter worth $66,000. Strs Ohio bought a new position in Brookdale Senior Living in the 1st quarter worth $70,000. Finally, Larson Financial Group LLC acquired a new position in Brookdale Senior Living during the 3rd quarter worth $59,000.

Brookdale Senior Living Trading Up 0.3%

Shares of NYSE:BKD opened at $11.95 on Friday. The firm has a market capitalization of $2.85 billion, a PE ratio of -20.60, a PEG ratio of 5.77 and a beta of 0.58. Brookdale Senior Living Inc. has a 1-year low of $7.29 and a 1-year high of $17.09. The business's 50 day moving average is $13.95 and its 200-day moving average is $13.90.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.16. The firm had revenue of $718.58 million during the quarter, compared to analysts' expectations of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. On average, sell-side analysts predict that Brookdale Senior Living Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Compass Point assumed coverage on Brookdale Senior Living in a research report on Monday, June 15th. They set a "buy" rating and a $22.00 price objective for the company. Finally, Barclays decreased their target price on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.40.

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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