Brookdale Senior Living Inc. (BKD) Position Raised by Land & Buildings Investment Management LLC
Land & Buildings Investment Management LLC increased its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 55.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,000,774 shares of the company’s stock after acquiring an additional 1,787,856 shares during the period. Brookdale Senior Living comprises 13.0% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 3rd biggest position. Land & Buildings Investment Management LLC owned about 2.68% of Brookdale Senior Living worth $53,008,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Brookdale Senior Living during the 2nd quarter worth approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brookdale Senior Living by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock worth $102,000 after acquiring an additional 761 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Brookdale Senior Living during the 2nd quarter worth approximately $148,000. Merriman Wealth Management LLC bought a new stake in shares of Brookdale Senior Living during the 3rd quarter worth approximately $108,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Brookdale Senior Living during the 2nd quarter worth approximately $169,000.
A number of equities research analysts recently issued reports on BKD shares. ValuEngine lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, September 3rd. Jefferies Group LLC set a $14.00 price objective on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, October 20th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of Brookdale Senior Living in a report on Friday, October 13th. Stifel Nicolaus reduced their price objective on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Finally, BidaskClub downgraded Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Three research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.42.
Brookdale Senior Living Inc. (NYSE BKD) traded up $0.05 on Tuesday, reaching $10.42. The company’s stock had a trading volume of 671,991 shares, compared to its average volume of 3,412,286. Brookdale Senior Living Inc. has a one year low of $8.78 and a one year high of $16.31. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 3.23.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.97). The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.28) earnings per share. equities research analysts forecast that Brookdale Senior Living Inc. will post -2.11 EPS for the current fiscal year.
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Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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