NewEdge Wealth LLC Invests $1.09 Million in Brookdale Senior Living Inc. $BKD

NewEdge Wealth LLC acquired a new position in Brookdale Senior Living Inc. (NYSE:BKD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 80,000 shares of the company’s stock, valued at approximately $1,094,000.

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

Brookdale Senior Living Stock Performance

BKD opened at $15.46 on Tuesday. Brookdale Senior Living Inc. has a fifty-two week low of $6.99 and a fifty-two week high of $17.09. The firm’s fifty day moving average is $14.08 and its 200 day moving average is $14.02. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of -17.98 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The firm had revenue of $764.86 million during the quarter, compared to the consensus estimate of $771.16 million. On average, equities research analysts predict that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Stephens assumed coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price objective on the stock. Finally, Compass Point began coverage on Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living currently has an average rating of “Moderate Buy” and an average price target of $17.60.

Brookdale Senior Living Profile

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.