ProShare Advisors LLC Increases Stake in Brookdale Senior Living Inc. $BKD

ProShare Advisors LLC grew its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 13.6% during the second quarter, Holdings Channel reports. The institutional investor owned 47,079 shares of the company’s stock after purchasing an additional 5,643 shares during the quarter. ProShare Advisors LLC’s holdings in Brookdale Senior Living were worth $328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of Brookdale Senior Living in the first quarter worth about $47,000. Strs Ohio purchased a new stake in Brookdale Senior Living in the first quarter worth about $61,000. R Squared Ltd bought a new position in Brookdale Senior Living during the 2nd quarter valued at approximately $126,000. Walleye Capital LLC bought a new position in shares of Brookdale Senior Living during the first quarter valued at $130,000. Finally, Optimize Financial Inc increased its stake in Brookdale Senior Living by 8.5% during the 1st quarter. Optimize Financial Inc now owns 24,294 shares of the company’s stock valued at $152,000 after purchasing an additional 1,902 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $8.00 to $14.00 in a report on Monday, November 10th. Wall Street Zen cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their target price on Brookdale Senior Living from $9.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.67.

Brookdale Senior Living Stock Up 3.1%

Shares of BKD opened at $10.80 on Friday. The business’s 50 day moving average is $8.92 and its 200 day moving average is $7.79. 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 Inc. has a 12-month low of $4.45 and a 12-month high of $11.00. The company has a market capitalization of $2.57 billion, a PE ratio of -10.29 and a beta of 0.96.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The company had revenue of $813.17 million for the quarter, compared to analysts’ expectations of $825.59 million. Research analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Brookdale Senior Living Company 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.