LDR Capital Management LLC Makes New Investment in Brookdale Senior Living Inc. $BKD

LDR Capital Management LLC acquired a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 62,340 shares of the company’s stock, valued at approximately $675,000. Brookdale Senior Living makes up 0.8% of LDR Capital Management LLC’s holdings, making the stock its 26th largest holding.

Several other large investors also recently added to or reduced their stakes in the business. Sculptor Capital LP purchased a new position in shares of Brookdale Senior Living during the second quarter worth about $28,640,000. Wolf Hill Capital Management LP bought a new position in shares of Brookdale Senior Living in the second quarter worth approximately $27,353,000. Jupiter Topco LLC bought a new position in shares of Brookdale Senior Living in the second quarter worth approximately $1,688,000. The Manufacturers Life Insurance Company bought a new position in shares of Brookdale Senior Living in the second quarter worth approximately $1,920,000. Finally, Castleark Management LLC purchased a new stake in Brookdale Senior Living in the first quarter valued at approximately $8,187,000.

Wall Street Analysts Forecast Growth

BKD has been the subject of several research analyst reports. Zacks Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. 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 research note on Tuesday, August 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $17.40.

Brookdale Senior Living Price Performance

BKD opened at $10.07 on Thursday. The business’s fifty day simple moving average is $11.72 and its 200 day simple moving average is $13.18. Brookdale Senior Living Inc. has a 52 week low of $8.02 and a 52 week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results 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. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. The firm had revenue of $718.58 million during the quarter, compared to analyst estimates of $735.63 million. As a group, analysts expect that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Brookdale Senior Living Profile

Brookdale Senior Living Inc (NYSE: BKD) is a U.S.-based senior living company that owns, manages and operates communities designed for older adults. Its offerings include independent living, assisted living, memory care and continuing care services, allowing residents to receive different levels of support as their needs change.

The company provides housing and daily living services alongside dining, wellness, social and recreational programs, transportation and care coordination. Through its ancillary services, Brookdale also offers certain home health, hospice and therapy services to residents and other older adults.

Brookdale serves communities across the United States.