Legal & General Group Plc Takes $3.10 Million Position in Brookdale Senior Living Inc. $BKD

Legal & General Group Plc purchased a new position in Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 192,562 shares of the company’s stock, valued at approximately $3,098,000. Legal & General Group Plc owned approximately 0.08% of Brookdale Senior Living as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in shares of Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after buying an additional 2,675 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $43,000. Larson Financial Group LLC bought a new position in shares of Brookdale Senior Living during the 3rd quarter valued at about $59,000. Strs Ohio purchased a new position in shares of Brookdale Senior Living during the first quarter valued at about $61,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Brookdale Senior Living during the second quarter valued at about $66,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on BKD. Barclays decreased their target price on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Finally, Compass Point began coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.40.

Brookdale Senior Living Price Performance

Shares of BKD stock opened at $11.79 on Friday. The company has a market capitalization of $2.82 billion, a P/E ratio of -20.33, a P/E/G ratio of 5.78 and a beta of 0.58. The company’s 50-day simple moving average is $13.87 and its two-hundred day simple moving average is $13.89. Brookdale Senior Living Inc. has a one year low of $7.29 and a one year high of $17.09.

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

About Brookdale Senior Living

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.