VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Brookdale Senior Living Inc. $BKD

by · The Cerbat Gem

VIRGINIA RETIREMENT SYSTEMS ET Al 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 disclosure with the Securities & Exchange Commission. The fund purchased 136,585 shares of the company’s stock, valued at approximately $2,198,000.

A number of other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd increased 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 purchasing an additional 2,675 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $43,000. Public Employees Retirement System of Ohio bought a new position in Brookdale Senior Living in the 2nd quarter worth $53,000. Nykredit A S bought a new position in Brookdale Senior Living in the 2nd quarter worth $57,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Brookdale Senior Living in the 2nd quarter worth $66,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays decreased their price target on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Finally, Compass Point began coverage on Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Brookdale Senior Living presently has an average rating of “Moderate Buy” and an average target price of $17.40.

Read Our Latest Analysis on BKD

Brookdale Senior Living Stock Up 0.6%

Brookdale Senior Living stock opened at $12.21 on Friday. The company’s 50-day moving average price is $13.56 and its 200-day moving average price is $13.76. The company has a market cap of $2.92 billion, a PE ratio of -21.05, a price-to-earnings-growth ratio of 5.88 and a beta of 0.58. Brookdale Senior Living Inc. has a twelve month low of $7.29 and a twelve month high of $17.09.

Brookdale Senior Living (NYSE:BKD – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. The firm 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%. As a group, sell-side analysts expect that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

About Brookdale Senior Living

(Free Report)

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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