Royal Bank of Canada Decreases Position in Brookdale Senior Living Inc. $BKD

Royal Bank of Canada trimmed its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 47.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 656,325 shares of the company’s stock after selling 591,863 shares during the period. Royal Bank of Canada’s holdings in Brookdale Senior Living were worth $8,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Brookdale Senior Living by 44,583.3% in the 4th 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. Strs Ohio purchased a new position in Brookdale Senior Living in the 1st quarter worth approximately $70,000. Larson Financial Group LLC purchased a new position in Brookdale Senior Living in the 3rd quarter worth approximately $59,000. KBC Group NV purchased a new stake in shares of Brookdale Senior Living during the fourth quarter valued at approximately $84,000. Finally, Swiss Life Asset Management Ltd purchased a new stake in shares of Brookdale Senior Living during the fourth quarter valued at approximately $114,000.

Wall Street Analyst Weigh In

Several brokerages recently commented on BKD. 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. 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. Finally, Compass Point assumed coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 price target on the stock. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $14.27 on Monday. Brookdale Senior Living Inc. has a 1 year low of $6.99 and a 1 year high of $17.09. The stock has a market capitalization of $3.41 billion, a P/E ratio of -16.59 and a beta of 0.60. The company’s 50-day moving average is $14.32 and its 200 day moving average is $14.23.

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.