NewEdge Wealth LLC Buys Shares of 85,106 Brookdale Senior Living Inc. $BKD

NewEdge Wealth LLC purchased a new position in Brookdale Senior Living Inc. (NYSE:BKD) during the 2nd quarter, HoldingsChannel reports. The firm purchased 85,106 shares of the company’s stock, valued at approximately $1,369,000.

A number of other large investors also recently modified their holdings of the business. Deutsche Bank AG bought a new stake in shares of Brookdale Senior Living in the second quarter valued at approximately $46,167,000. Persistent Asset Partners Ltd bought a new position in Brookdale Senior Living during the second quarter worth $66,000. Bank of New York Mellon Corp bought a new position in Brookdale Senior Living during the second quarter worth $11,976,000. State of Wyoming acquired a new position in Brookdale Senior Living during the 2nd quarter valued at $663,000. Finally, GSA Capital Partners LLP acquired a new position in Brookdale Senior Living during the 2nd quarter valued at $185,000.

Brookdale Senior Living Price Performance

NYSE BKD opened at $11.81 on Friday. Brookdale Senior Living Inc. has a twelve month low of $7.29 and a twelve month high of $17.09. The stock has a market cap of $2.82 billion, a P/E ratio of -20.36, a PEG ratio of 5.72 and a beta of 0.60. The company’s 50-day simple moving average is $14.31 and its 200 day simple moving average is $14.17.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The business had revenue of $718.58 million for the quarter, compared to analyst estimates of $735.63 million. Research analysts anticipate that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on BKD. Barclays reduced their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Compass Point began coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.40.

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.