The Manufacturers Life Insurance Company Acquires Shares of 119,325 Brookdale Senior Living Inc. $BKD

The Manufacturers Life Insurance Company acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 119,325 shares of the company’s stock, valued at approximately $1,920,000.

A number of other hedge funds have also modified their holdings of the stock. Royal Bank of Canada lifted its position 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 buying an additional 36,604 shares during the period. AQR Capital Management LLC grew its position in Brookdale Senior Living by 34.2% in the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after acquiring an additional 6,507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Brookdale Senior Living by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock worth $866,000 after acquiring an additional 4,323 shares in the last quarter. Millennium Management LLC raised its stake in Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock worth $13,591,000 after acquiring an additional 876,222 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Brookdale Senior Living during the first quarter worth $181,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BKD shares. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Compass Point began coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Finally, Barclays cut 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 report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.40.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $11.95 on Friday. The firm has a 50 day simple moving average of $13.95 and a 200 day simple moving average of $13.90. Brookdale Senior Living Inc. has a fifty-two week low of $7.29 and a fifty-two week high of $17.09. The firm has a market cap of $2.85 billion, a P/E ratio of -20.60, a P/E/G ratio of 5.77 and a beta of 0.58.

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