Private Advisor Group LLC Buys New Shares in Brookdale Senior Living Inc. $BKD

Private Advisor Group LLC bought a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,997 shares of the company’s stock, valued at approximately $547,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKD. Royal Bank of Canada raised its position in Brookdale Senior Living by 3.4% in the 1st quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after purchasing an additional 36,604 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Brookdale Senior Living by 34.2% during the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after buying an additional 6,507 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 buying an additional 4,323 shares in the last quarter. Millennium Management LLC increased its stake in shares of 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 buying an additional 876,222 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Brookdale Senior Living during the first quarter worth approximately $181,000.

Brookdale Senior Living Stock Up 6.7%

Shares of Brookdale Senior Living stock opened at $15.29 on Friday. The firm has a market capitalization of $3.65 billion, a P/E ratio of -17.77 and a beta of 0.58. Brookdale Senior Living Inc. has a 52 week low of $6.99 and a 52 week high of $17.09. The firm’s 50 day moving average is $13.81 and its two-hundred day moving average is $13.82.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data 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 company had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. As a group, research analysts expect that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BKD shares. Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Compass Point started coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock. Stephens initiated coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective on the stock. Finally, Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and an average target price 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.