Brookdale Senior Living Inc. $BKD Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 1,876.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 249,785 shares of the company’s stock after purchasing an additional 237,150 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Brookdale Senior Living were worth $2,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Brookdale Senior Living in the 4th quarter valued at about $62,000. Larson Financial Group LLC acquired a new stake in Brookdale Senior Living in the third quarter valued at approximately $59,000. KBC Group NV acquired a new stake in Brookdale Senior Living in the fourth quarter valued at approximately $84,000. Covestor Ltd increased its position in shares of Brookdale Senior Living by 55.8% in the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after buying an additional 3,428 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Brookdale Senior Living in the first quarter valued at approximately $61,000.

Wall Street Analyst Weigh In

BKD has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Barclays boosted their price objective on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Stephens initiated coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective for the company. Weiss Ratings upgraded Brookdale Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Brookdale Senior Living Price Performance

NYSE BKD opened at $13.19 on Friday. The company has a market cap of $3.15 billion, a PE ratio of -15.34 and a beta of 0.68. The stock’s 50 day simple moving average is $13.88 and its 200-day simple moving average is $12.69. Brookdale Senior Living Inc. has a 1-year low of $6.26 and a 1-year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last released its earnings results 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). The firm had revenue of $764.86 million during the quarter, compared to analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. On average, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal 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.