Vanguard Group Inc. Sells 68,952 Shares of Brookdale Senior Living Inc. $BKD

Vanguard Group Inc. lessened its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 0.3% in the third quarter, HoldingsChannel reports. The fund owned 22,114,462 shares of the company’s stock after selling 68,952 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Brookdale Senior Living worth $187,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada lifted its position in Brookdale Senior Living by 3.4% in the first quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after purchasing an additional 36,604 shares during the last quarter. AQR Capital Management LLC boosted its position in Brookdale Senior Living by 34.2% during the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after buying an additional 6,507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Brookdale Senior Living by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after acquiring an additional 4,323 shares during the period. Millennium Management LLC raised its stake in shares of Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock valued at $13,591,000 after acquiring an additional 876,222 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Brookdale Senior Living during the first quarter worth about $181,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BKD shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Barclays boosted their price objective on shares of Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Zacks Research raised shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price target for the company from $6.75 to $13.00 in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $15.12 on Tuesday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of -13.62 and a beta of 0.68. The business’s fifty day simple moving average is $13.43 and its two-hundred day simple moving average is $10.58. Brookdale Senior Living Inc. has a 12 month low of $4.97 and a 12 month high of $17.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. The business had revenue of $754.09 million for the quarter, compared to analysts’ expectations of $753.60 million. Research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

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.