Adelante Capital Management LLC Decreases Stake in Brookdale Senior Living Inc. $BKD

Adelante Capital Management LLC cut its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 7.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,502,850 shares of the company’s stock after selling 122,985 shares during the quarter. Adelante Capital Management LLC’s holdings in Brookdale Senior Living were worth $9,408,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. ANTIPODES PARTNERS Ltd boosted its stake in shares of Brookdale Senior Living by 81.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company’s stock valued at $85,672,000 after buying an additional 6,124,238 shares in the last quarter. Flat Footed LLC raised its position in Brookdale Senior Living by 84.9% during the fourth quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock worth $57,351,000 after acquiring an additional 5,235,078 shares during the last quarter. Wellington Management Group LLP raised its position in Brookdale Senior Living by 26.7% during the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock worth $49,878,000 after acquiring an additional 2,089,242 shares during the last quarter. Rush Island Management LP raised its position in Brookdale Senior Living by 62.3% during the fourth quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock worth $41,769,000 after acquiring an additional 3,187,294 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Brookdale Senior Living by 8.7% during the first quarter. Deutsche Bank AG now owns 3,987,153 shares of the company’s stock worth $24,960,000 after acquiring an additional 318,463 shares during the last quarter.

Analysts Set New Price Targets

BKD has been the subject of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Barclays set a $8.00 price objective on Brookdale Senior Living and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Brookdale Senior Living presently has an average rating of “Hold” and a consensus target price of $7.80.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock opened at $7.70 on Friday. The firm has a market capitalization of $1.80 billion, a P/E ratio of -7.33 and a beta of 0.91. The stock has a fifty day moving average price of $7.49 and a 200 day moving average price of $6.70. Brookdale Senior Living Inc. has a 52 week low of $4.45 and a 52 week high of $8.01. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The firm had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. Equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Brookdale Senior Living Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.