State Board of Administration of Florida Retirement System trimmed its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 4.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 226,735 shares of the company’s stock after selling 9,915 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.12% of Brookdale Senior Living worth $2,403,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in BKD. Harvest Fund Management Co. Ltd bought a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at $101,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brookdale Senior Living by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $102,000 after acquiring an additional 761 shares during the period. Merriman Wealth Management LLC bought a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at $108,000. Opera Trading Capital bought a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at $110,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at $148,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.
A number of analysts have recently weighed in on the company. BidaskClub downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Brookdale Senior Living from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. ValuEngine downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, September 3rd. Stifel Nicolaus dropped their price objective on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $15.50 price objective (down from $16.50) on shares of Brookdale Senior Living in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.30.
Shares of Brookdale Senior Living Inc. (NYSE:BKD) opened at $10.30 on Thursday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.83 and a current ratio of 0.83. Brookdale Senior Living Inc. has a 1 year low of $8.78 and a 1 year high of $16.31.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Monday, November 6th. The company reported ($2.22) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.97). Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned ($0.28) earnings per share. Brookdale Senior Living’s quarterly revenue was down 5.9% compared to the same quarter last year. research analysts anticipate that Brookdale Senior Living Inc. will post -2.08 earnings per share for the current fiscal year.
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About Brookdale Senior Living
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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