Healthcare of Ontario Pension Plan Trust Fund Has $15.10 Million Position in Brookdale Senior Living Inc. $BKD

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 183.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,104,052 shares of the company’s stock after buying an additional 714,452 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Brookdale Senior Living were worth $15,103,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BKD. Caitong International Asset Management Co. Ltd grew its stake in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after buying an additional 2,675 shares during the last quarter. Larson Financial Group LLC bought a new position in Brookdale Senior Living in the 3rd quarter valued at about $59,000. Strs Ohio acquired a new stake in Brookdale Senior Living during the first quarter worth approximately $61,000. FNY Investment Advisers LLC acquired a new stake in Brookdale Senior Living during the fourth quarter worth approximately $62,000. Finally, KBC Group NV bought a new stake in shares of Brookdale Senior Living during the fourth quarter worth approximately $84,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BKD shares. Stephens assumed coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price on the stock. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, Compass Point began coverage on Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock. One research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Brookdale Senior Living Stock Up 2.1%

Shares of NYSE:BKD opened at $15.46 on Tuesday. Brookdale Senior Living Inc. has a 12-month low of $6.99 and a 12-month high of $17.09. The company’s 50 day moving average price is $14.08 and its two-hundred day moving average price is $14.02. The firm has a market cap of $3.69 billion, a PE ratio of -17.98 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $764.86 million during the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. On average, research analysts expect that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.

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.