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

Legal & General Group Plc bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 192,562 shares of the company’s stock, valued at approximately $3,098,000.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Brookdale Senior Living by 3.4% in the 1st quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after purchasing an additional 36,604 shares in the last quarter. AQR Capital Management LLC boosted its position in Brookdale Senior Living by 34.2% during the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after acquiring an additional 6,507 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Brookdale Senior Living by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after acquiring an additional 4,323 shares in the last quarter. Millennium Management LLC grew its stake in Brookdale Senior Living by 67.7% during the 1st quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock valued at $13,591,000 after acquiring an additional 876,222 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Brookdale Senior Living in the 1st quarter valued at about $181,000.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $11.79 on Friday. The company’s fifty day moving average price is $13.87 and its 200 day moving average price is $13.89. Brookdale Senior Living Inc. has a 12 month low of $7.29 and a 12 month high of $17.09. The firm 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.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $718.58 million during the quarter, compared to analysts’ expectations of $735.63 million. On average, sell-side analysts anticipate that Brookdale Senior Living Inc. will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. 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 target price on the stock. Finally, Barclays dropped 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 research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned 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 price target of $17.40.

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.