Vanguard Group Inc. Decreases Stake in Brookdale Senior Living Inc. $BKD

Key Points

• Vanguard Group Inc. reduced its stake in Brookdale Senior Living Inc. by 2.3% in the first quarter, now holding approximately 9.43% of the company's shares.
• Brookdale Senior Living reported a loss of ($0.18) earnings per share for the last quarter, falling short of estimates which had predicted a loss of ($0.14).
• Analysts have set target prices for Brookdale Senior Living, with Barclays at $8.00 and Royal Bank of Canada at $9.00, reflecting mixed ratings but an average consensus target of $7.80.

Vanguard Group Inc. reduced its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,886,686 shares of the company's stock after selling 448,428 shares during the period. Vanguard Group Inc. owned 9.43% of Brookdale Senior Living worth $118,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKD. Legal & General Group Plc increased its position in Brookdale Senior Living by 4.7% during the fourth quarter. Legal & General Group Plc now owns 219,560 shares of the company's stock worth $1,104,000 after purchasing an additional 9,851 shares during the last quarter. Barclays PLC increased its position in shares of Brookdale Senior Living by 11.0% during the fourth quarter. Barclays PLC now owns 358,032 shares of the company's stock valued at $1,801,000 after acquiring an additional 35,365 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brookdale Senior Living by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company's stock valued at $35,916,000 after acquiring an additional 164,239 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Brookdale Senior Living by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 112,878 shares of the company's stock valued at $568,000 after acquiring an additional 1,953 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Brookdale Senior Living by 53.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 401,338 shares of the company's stock valued at $2,019,000 after acquiring an additional 139,851 shares during the last quarter.

Brookdale Senior Living Stock Up 1.6%

Shares of BKD stock traded up $0.13 during trading on Wednesday, reaching $7.86. The company's stock had a trading volume of 1,739,504 shares, compared to its average volume of 2,965,233. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -7.48 and a beta of 0.87. The stock's 50-day moving average price is $7.38 and its 200 day moving average price is $6.57. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.01.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The business had revenue of $812.94 million during the quarter, compared to analyst estimates of $817.63 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. On average, research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

BKD has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Barclays set a $8.00 price target on shares of Brookdale Senior Living and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.80.

About Brookdale Senior Living

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.