Brookdale Senior Living Inc. $BKD Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 987.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 177,589 shares of the company’s stock after buying an additional 161,263 shares during the period. Principal Financial Group Inc.’s holdings in Brookdale Senior Living were worth $1,504,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. ANTIPODES PARTNERS Ltd raised its stake in Brookdale Senior Living by 3.4% during the second quarter. ANTIPODES PARTNERS Ltd now owns 14,151,773 shares of the company’s stock worth $98,504,000 after purchasing an additional 467,273 shares during the period. Maple Rock Capital Partners Inc. purchased a new position in shares of Brookdale Senior Living in the 2nd quarter worth $45,804,000. Bank of America Corp DE boosted its holdings in Brookdale Senior Living by 3.8% in the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after acquiring an additional 238,042 shares during the last quarter. Geode Capital Management LLC grew its position in Brookdale Senior Living by 18.5% during the second quarter. Geode Capital Management LLC now owns 5,361,195 shares of the company’s stock valued at $37,320,000 after acquiring an additional 838,862 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Brookdale Senior Living by 192.4% during the third quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock worth $32,372,000 after acquiring an additional 2,514,884 shares during the last quarter.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $16.63 on Wednesday. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.84 and a quick ratio of 0.84. The company’s fifty day moving average price is $12.57 and its two-hundred day moving average price is $10.08. The firm has a market capitalization of $3.95 billion, a P/E ratio of -12.69 and a beta of 0.70. Brookdale Senior Living Inc. has a 12 month low of $4.97 and a 12 month high of $17.09.

Analysts Set New Price Targets

BKD has been the topic of several research analyst reports. Barclays lifted their price objective on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $6.75 to $13.00 in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Citigroup upgraded shares of Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.