VIRGINIA RETIREMENT SYSTEMS ET Al Increases Stock Holdings in Brookdale Senior Living Inc. $BKD

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 1,876.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,785 shares of the company’s stock after buying an additional 237,150 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.11% of Brookdale Senior Living worth $2,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd purchased a new position in Brookdale Senior Living during the 4th quarter worth $114,000. Oppenheimer Asset Management Inc. grew its stake in Brookdale Senior Living by 45.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 14,678 shares of the company’s stock worth $158,000 after buying an additional 4,588 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Brookdale Senior Living during the 4th quarter worth $2,202,000. Pictet Asset Management Holding SA grew its stake in Brookdale Senior Living by 57.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 36,641 shares of the company’s stock worth $395,000 after buying an additional 13,427 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in Brookdale Senior Living by 20.8% during the 4th quarter. NBC Securities Inc. now owns 43,058 shares of the company’s stock worth $465,000 after buying an additional 7,421 shares during the last quarter.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock opened at $13.19 on Friday. The business’s 50-day simple moving average is $13.88 and its two-hundred day simple moving average is $12.69. The company has a market cap of $3.15 billion, a PE ratio of -15.34 and a beta of 0.68. Brookdale Senior Living Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share 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 analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. As a group, analysts predict that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BKD shares. Weiss Ratings upgraded Brookdale Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Barclays boosted their target price on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Stephens initiated coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

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.