Lee Danner & Bass Inc. Purchases 928,085 Shares of Brookdale Senior Living Inc. $BKD

Lee Danner & Bass Inc. raised its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 246.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,304,670 shares of the company’s stock after buying an additional 928,085 shares during the period. Brookdale Senior Living accounts for about 1.1% of Lee Danner & Bass Inc.’s portfolio, making the stock its 22nd largest holding. Lee Danner & Bass Inc. owned about 0.55% of Brookdale Senior Living worth $17,848,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BKD. Caitong International Asset Management Co. Ltd lifted its stake in Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Brookdale Senior Living in the 3rd quarter valued at about $59,000. Strs Ohio bought a new stake in shares of Brookdale Senior Living in the 1st quarter valued at about $61,000. FNY Investment Advisers LLC acquired a new stake in Brookdale Senior Living in the 4th quarter valued at about $62,000. Finally, KBC Group NV acquired a new stake in Brookdale Senior Living in the 4th quarter valued at about $84,000.

Brookdale Senior Living Stock Up 0.1%

Brookdale Senior Living stock opened at $15.89 on Friday. The company’s 50-day moving average price is $13.65 and its two-hundred day moving average price is $13.54. The stock has a market cap of $3.79 billion, a P/E ratio of -18.47 and a beta of 0.58. Brookdale Senior Living Inc. has a twelve month low of $6.65 and a twelve month high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $771.16 million. Equities analysts anticipate that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BKD shares. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Compass Point initiated coverage on Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Zacks Research lowered Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Stephens started coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price target on the stock. One 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. According to MarketBeat.com, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Brookdale Senior Living Company 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.