118,700 Brookdale Senior Living Inc. $BKD Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 86.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 255,285 shares of the company’s stock after acquiring an additional 118,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Brookdale Senior Living were worth $2,765,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in Brookdale Senior Living by 1,268.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,315,247 shares of the company’s stock worth $14,244,000 after purchasing an additional 1,219,166 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Brookdale Senior Living during the third quarter valued at approximately $126,000. LDR Capital Management LLC bought a new position in shares of Brookdale Senior Living during the third quarter valued at approximately $675,000. Nykredit A S bought a new position in shares of Brookdale Senior Living during the second quarter valued at approximately $57,000. Finally, AXQ Capital LP grew its stake in shares of Brookdale Senior Living by 90.7% during the second quarter. AXQ Capital LP now owns 82,687 shares of the company’s stock valued at $1,330,000 after buying an additional 39,335 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays decreased their target price on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Finally, Zacks Research raised shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Buy” and a consensus target price of $17.40.

Brookdale Senior Living Stock Up 0.9%

Shares of BKD stock opened at $10.48 on Tuesday. The stock’s 50-day moving average is $11.04 and its 200 day moving average is $13.29. Brookdale Senior Living Inc. has a 1-year low of $8.02 and a 1-year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.16. The business had revenue of $718.58 million for the quarter, compared to analyst estimates of $735.63 million. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. On average, analysts forecast that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Brookdale Senior Living Profile

Brookdale Senior Living, Inc (NYSE: BKD) is a U.S.-based operator of senior living communities. The company provides housing, care and support services for older adults through a range of offerings, including independent living, assisted living, memory care and continuing care retirement communities.

Brookdale’s services are designed to support residents with different levels of independence and care needs. Its communities generally provide accommodations, dining, wellness programs, social and recreational activities, transportation and assistance with daily living.