Allianz Asset Management GmbH reduced its position in Brookdale Senior Living, Inc. (NYSE:BKD) by 16.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,198,943 shares of the company’s stock after selling 1,051,100 shares during the quarter. Allianz Asset Management GmbH’s holdings in Brookdale Senior Living were worth $51,106,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKD. Principal Financial Group Inc. lifted its stake in shares of Brookdale Senior Living by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 57,350 shares of the company’s stock valued at $385,000 after buying an additional 9,598 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Brookdale Senior Living by 127.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock worth $165,000 after purchasing an additional 10,131 shares in the last quarter. Aperio Group LLC lifted its stake in Brookdale Senior Living by 38.4% in the 2nd quarter. Aperio Group LLC now owns 74,815 shares of the company’s stock worth $680,000 after purchasing an additional 20,766 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Brookdale Senior Living by 731.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 206,477 shares of the company’s stock worth $1,877,000 after purchasing an additional 181,652 shares in the last quarter. Finally, Price Capital Management Inc. purchased a new stake in Brookdale Senior Living in the 2nd quarter worth approximately $696,000.
Several analysts have issued reports on the stock. ValuEngine upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. JMP Securities increased their target price on shares of Brookdale Senior Living from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Royal Bank of Canada reiterated a “hold” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Sunday, November 18th. Finally, Stifel Nicolaus lowered their target price on shares of Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $9.25.
Shares of NYSE:BKD opened at $8.55 on Friday. The firm has a market capitalization of $1.57 billion, a PE ratio of -10.96 and a beta of 1.60. Brookdale Senior Living, Inc. has a one year low of $6.28 and a one year high of $11.09. The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.66 and a current ratio of 0.66.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, November 5th. The company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.08. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion. Brookdale Senior Living had a negative net margin of 13.93% and a negative return on equity of 14.72%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.22) EPS. Research analysts expect that Brookdale Senior Living, Inc. will post -1.03 EPS for the current fiscal year.
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Brookdale Senior Living Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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