Canada Pension Plan Investment Board Purchases Shares of 560,800 Brookdale Senior Living Inc. $BKD

Canada Pension Plan Investment Board purchased a new stake in Brookdale Senior Living Inc. (NYSE:BKD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 560,800 shares of the company’s stock, valued at approximately $9,023,000.

Other large investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D bought a new stake in shares of Brookdale Senior Living in the fourth quarter valued at about $2,202,000. WCM Investment Management LLC acquired a new position in shares of Brookdale Senior Living during the first quarter worth about $171,681,000. Castleark Management LLC bought a new position in shares of Brookdale Senior Living during the first quarter worth about $8,187,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Brookdale Senior Living by 1,876.9% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 249,785 shares of the company’s stock worth $2,695,000 after buying an additional 237,150 shares in the last quarter. Finally, Luxor Capital Group LP raised its position in Brookdale Senior Living by 154.7% in the 1st quarter. Luxor Capital Group LP now owns 2,929,492 shares of the company’s stock valued at $40,075,000 after buying an additional 1,779,492 shares during the last quarter.

Brookdale Senior Living Stock Down 3.0%

BKD stock opened at $11.73 on Friday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -20.22, a P/E/G ratio of 5.67 and a beta of 0.60. Brookdale Senior Living Inc. has a twelve month low of $7.29 and a twelve month high of $17.09. The business has a 50 day moving average price of $14.15 and a two-hundred day moving average price of $14.05.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS for the quarter, beating 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 company had revenue of $718.58 million during the quarter, compared to the consensus estimate of $735.63 million. On average, equities research analysts anticipate that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BKD has been the topic of a number of research reports. Compass Point began 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Finally, Barclays cut their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and an average target price of $17.40.

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.