Dimensional Fund Advisors LP Raises Stock Holdings in Brookdale Senior Living Inc. $BKD

Dimensional Fund Advisors LP lifted its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 3.5% in the first quarter, HoldingsChannel reports. The fund owned 5,194,941 shares of the company’s stock after buying an additional 173,454 shares during the period. Dimensional Fund Advisors LP’s holdings in Brookdale Senior Living were worth $71,061,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BKD. State of New Jersey Common Pension Fund D acquired a new position in Brookdale Senior Living in the 4th quarter valued at $2,202,000. BNP Paribas Financial Markets boosted its holdings in shares of Brookdale Senior Living by 15.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,831,442 shares of the company’s stock worth $19,761,000 after purchasing an additional 247,461 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Brookdale Senior Living by 1,876.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 249,785 shares of the company’s stock valued at $2,695,000 after purchasing an additional 237,150 shares during the period. Sculptor Capital LP purchased a new stake in shares of Brookdale Senior Living in the fourth quarter valued at $12,948,000. Finally, Cobalt Capital Management Inc. acquired a new position in Brookdale Senior Living in the fourth quarter valued at $432,000.

Brookdale Senior Living Trading Down 0.2%

Shares of Brookdale Senior Living stock opened at $14.59 on Friday. The business’s fifty day moving average price is $14.21 and its 200 day moving average price is $14.11. Brookdale Senior Living Inc. has a twelve month low of $6.99 and a twelve month high of $17.09. The stock has a market capitalization of $3.48 billion, a P/E ratio of -16.96 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $764.86 million for the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. As a group, sell-side analysts predict that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on BKD shares. 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 target price on the stock. Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Stephens started coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price objective on the stock. Finally, Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.60.

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.