Hsbc Holdings PLC Raises Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Hsbc Holdings PLC increased its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 12.0% during the 4th quarter, HoldingsChannel reports. The fund owned 126,345 shares of the company’s stock after acquiring an additional 13,582 shares during the quarter. Hsbc Holdings PLC’s holdings in Brookdale Senior Living were worth $635,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BKD. Teachers Retirement System of The State of Kentucky grew its stake in shares of Brookdale Senior Living by 53.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 401,338 shares of the company’s stock valued at $2,019,000 after buying an additional 139,851 shares during the period. MetLife Investment Management LLC grew its position in Brookdale Senior Living by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock worth $568,000 after acquiring an additional 1,953 shares during the period. Dimensional Fund Advisors LP increased its stake in Brookdale Senior Living by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company’s stock worth $35,916,000 after acquiring an additional 164,239 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Brookdale Senior Living by 128.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 505,500 shares of the company’s stock valued at $2,543,000 after purchasing an additional 284,600 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of Brookdale Senior Living by 99.9% in the 4th quarter. XTX Topco Ltd now owns 150,404 shares of the company’s stock valued at $757,000 after purchasing an additional 75,180 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on BKD. Barclays boosted their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a report on Wednesday, April 16th. Macquarie restated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Brookdale Senior Living has an average rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Trading Up 0.7 %

BKD opened at $6.62 on Tuesday. The business has a fifty day moving average price of $6.00 and a 200 day moving average price of $5.57. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.12. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -7.44 and a beta of 0.83.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The firm had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. Sell-side analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal 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.