VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Brookdale Senior Living Inc. $BKD

Key Points

• Virginia Retirement Systems acquired 136,585 shares of Brookdale Senior Living in the second quarter, valued at approximately $2.2 million and representing about 0.06% of the company.
• Brookdale reported quarterly EPS of $0.10, beating the consensus estimate of a $0.06 loss, but revenue of $718.6 million fell short of analyst expectations of $735.6 million.
• BKD shares opened at $12.21, while analysts maintained an overall “Moderate Buy” consensus with an average price target of $17.40, despite one sell rating and recent target reductions.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 136,585 shares of the company's stock, valued at approximately $2,198,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of Brookdale Senior Living as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock worth $29,000 after purchasing an additional 2,675 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Brookdale Senior Living in the 2nd quarter worth about $43,000. Public Employees Retirement System of Ohio bought a new stake in Brookdale Senior Living in the 2nd quarter worth about $53,000. Nykredit A S purchased a new position in Brookdale Senior Living in the 2nd quarter worth about $57,000. Finally, Persistent Asset Partners Ltd purchased a new position in Brookdale Senior Living in the 2nd quarter worth about $66,000.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $12.21 on Friday. Brookdale Senior Living Inc. has a 1-year low of $7.29 and a 1-year high of $17.09. The company's fifty day simple moving average is $13.56 and its 200-day simple moving average is $13.76. The stock has a market capitalization of $2.92 billion, a PE ratio of -21.05, a P/E/G ratio of 5.88 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS 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 during the quarter, compared to analyst estimates of $735.63 million. As a group, research analysts anticipate that Brookdale Senior Living Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BKD shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Barclays decreased their price objective 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 initiated coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a "buy" rating and a $22.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.40.

Brookdale Senior Living 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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