Brookdale Senior Living Inc. (NYSE:BKD) Stake Lifted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 128.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 505,500 shares of the company’s stock after buying an additional 284,600 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.25% of Brookdale Senior Living worth $2,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in Brookdale Senior Living in the 4th quarter valued at about $33,000. Cibc World Markets Corp acquired a new stake in shares of Brookdale Senior Living in the fourth quarter valued at approximately $90,000. Illumine Investment Management LLC bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at approximately $101,000. Optimize Financial Inc acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth approximately $113,000. Finally, Retirement Income Solutions Inc bought a new position in Brookdale Senior Living in the 4th quarter worth approximately $114,000.

Analysts Set New Price Targets

BKD has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Thursday, April 10th. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Finally, Barclays raised their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Trading Up 0.4 %

Shares of Brookdale Senior Living stock opened at $5.90 on Wednesday. The business has a fifty day simple moving average of $5.84 and a 200-day simple moving average of $5.55. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -6.62 and a beta of 0.87. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The business had revenue of $780.95 million for the quarter, compared to the consensus estimate of $781.78 million. On average, equities analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.