Waterfront Capital Partners LLC Has $1.02 Million Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Waterfront Capital Partners LLC reduced its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 91.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,613 shares of the company's stock after selling 2,066,970 shares during the quarter. Waterfront Capital Partners LLC owned about 0.10% of Brookdale Senior Living worth $1,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Brookdale Senior Living in the 4th quarter valued at $33,000. Cibc World Markets Corp acquired a new stake in Brookdale Senior Living in the fourth quarter worth about $90,000. Illumine Investment Management LLC bought a new stake in Brookdale Senior Living during the 4th quarter worth about $101,000. Optimize Financial Inc acquired a new position in Brookdale Senior Living during the 4th quarter valued at about $113,000. Finally, Retirement Income Solutions Inc bought a new position in shares of Brookdale Senior Living in the 4th quarter valued at about $114,000.

Brookdale Senior Living Trading Up 0.6 %

Brookdale Senior Living stock traded up $0.04 during mid-day trading on Wednesday, hitting $6.55. 543,094 shares of the company's stock were exchanged, compared to its average volume of 2,357,836. The company's 50 day simple moving average is $5.93 and its 200-day simple moving average is $5.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The firm has a market capitalization of $1.31 billion, a P/E ratio of -7.36 and a beta of 0.87. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The business had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. On average, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

BKD has been the subject of a number of analyst reports. Macquarie reaffirmed an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Barclays upped their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.50.

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.