MetLife Investment Advisors LLC Buys Shares of 86,808 Brookdale Senior Living, Inc. (BKD)
MetLife Investment Advisors LLC bought a new stake in shares of Brookdale Senior Living, Inc. (NYSE:BKD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 86,808 shares of the company’s stock, valued at approximately $789,000.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Brookdale Senior Living by 51.3% in the second quarter. BlackRock Inc. now owns 13,596,562 shares of the company’s stock valued at $123,593,000 after purchasing an additional 4,612,157 shares during the last quarter. Washington Trust Bank acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at approximately $22,741,000. Renaissance Technologies LLC increased its holdings in shares of Brookdale Senior Living by 272.9% in the second quarter. Renaissance Technologies LLC now owns 2,537,886 shares of the company’s stock valued at $23,069,000 after purchasing an additional 1,857,286 shares during the last quarter. Coliseum Capital Management LLC acquired a new stake in shares of Brookdale Senior Living in the first quarter valued at approximately $10,366,000. Finally, Land & Buildings Investment Management LLC increased its holdings in shares of Brookdale Senior Living by 25.2% in the second quarter. Land & Buildings Investment Management LLC now owns 7,171,671 shares of the company’s stock valued at $65,190,000 after purchasing an additional 1,442,276 shares during the last quarter.
Several equities research analysts recently commented on the company. ValuEngine raised Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Stifel Nicolaus cut their price target on Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. Finally, Zacks Investment Research cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Brookdale Senior Living has an average rating of “Hold” and an average price target of $8.92.
Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.66). The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Brookdale Senior Living had a negative net margin of 21.80% and a negative return on equity of 13.56%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.25) earnings per share. sell-side analysts forecast that Brookdale Senior Living, Inc. will post -1.03 EPS for the current year.
In other Brookdale Senior Living news, Director Marcus E. Bromley purchased 6,400 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was bought at an average cost of $7.85 per share, with a total value of $50,240.00. Following the acquisition, the director now directly owns 54,619 shares of the company’s stock, valued at $428,759.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.
Brookdale Senior Living Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
Read More: Fundamental Analysis and Choosing Stocks
Want to see what other hedge funds are holding BKD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookdale Senior Living, Inc. (NYSE:BKD).
Receive News & Ratings for Brookdale Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.