LDR Capital Management LLC Purchases New Stake in Brookdale Senior Living Inc. $BKD

LDR Capital Management LLC purchased a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 62,340 shares of the company’s stock, valued at approximately $675,000. Brookdale Senior Living makes up approximately 0.8% of LDR Capital Management LLC’s holdings, making the stock its 26th biggest holding.

A number of other institutional investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in Brookdale Senior Living by 86.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,689 shares of the company’s stock valued at $43,000 after buying an additional 1,244 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Brookdale Senior Living by 1.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company’s stock valued at $1,500,000 after acquiring an additional 1,436 shares during the period. Quantinno Capital Management LP raised its holdings in Brookdale Senior Living by 4.5% during the 1st quarter. Quantinno Capital Management LP now owns 48,383 shares of the company’s stock valued at $662,000 after acquiring an additional 2,095 shares during the period. Pictet Asset Management Holding SA raised its holdings in Brookdale Senior Living by 5.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company’s stock valued at $531,000 after acquiring an additional 2,160 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Brookdale Senior Living during the second quarter worth $53,000.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $10.07 on Thursday. Brookdale Senior Living Inc. has a 12-month low of $8.02 and a 12-month high of $17.09. The company’s 50-day moving average price is $11.72 and its 200-day moving average price is $13.18.

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

Wall Street Analyst Weigh In

BKD has been the subject of a number of analyst reports. Barclays cut their price target on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Zacks Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $17.40.

Brookdale Senior Living Profile

Brookdale Senior Living Inc (NYSE: BKD) is a U.S.-based senior living company that owns, manages and operates communities designed for older adults. Its offerings include independent living, assisted living, memory care and continuing care services, allowing residents to receive different levels of support as their needs change.

The company provides housing and daily living services alongside dining, wellness, social and recreational programs, transportation and care coordination. Through its ancillary services, Brookdale also offers certain home health, hospice and therapy services to residents and other older adults.

Brookdale serves communities across the United States.