Vanguard Group Inc. Sells 164,624 Shares of Brookdale Senior Living Inc. $BKD

Vanguard Group Inc. trimmed its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,949,838 shares of the company’s stock after selling 164,624 shares during the period. Vanguard Group Inc. owned 0.09% of Brookdale Senior Living worth $236,839,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new position in shares of Brookdale Senior Living during the third quarter valued at about $59,000. Strs Ohio purchased a new stake in Brookdale Senior Living in the first quarter worth about $61,000. FNY Investment Advisers LLC purchased a new stake in Brookdale Senior Living in the fourth quarter worth about $62,000. Covestor Ltd boosted its position in Brookdale Senior Living by 55.8% during the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after acquiring an additional 3,428 shares in the last quarter. Finally, KBC Group NV bought a new stake in Brookdale Senior Living during the 4th quarter valued at approximately $84,000.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD opened at $12.95 on Friday. Brookdale Senior Living Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $17.09. The company has a 50 day simple moving average of $14.10 and a two-hundred day simple moving average of $12.54. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -15.06 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 678.50%. On average, analysts forecast that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BKD has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Barclays lifted their price target on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Monday, April 20th. Finally, 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 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Brookdale Senior Living currently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

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.