Synovus Financial Corp lifted its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 36.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,398 shares of the company’s stock after buying an additional 5,490 shares during the quarter. Synovus Financial Corp’s holdings in Brookdale Senior Living were worth $296,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of BKD. Royce & Associates LP increased its holdings in Brookdale Senior Living by 6.2% during the 2nd quarter. Royce & Associates LP now owns 1,096,000 shares of the company’s stock worth $16,122,000 after purchasing an additional 63,500 shares during the period. IMS Capital Management increased its holdings in Brookdale Senior Living by 2.6% during the 2nd quarter. IMS Capital Management now owns 70,455 shares of the company’s stock worth $1,036,000 after purchasing an additional 1,803 shares during the period. Chartwell Investment Partners LLC purchased a new position in Brookdale Senior Living during the 1st quarter worth $1,458,000. Neuberger Berman Group LLC increased its holdings in Brookdale Senior Living by 56.6% during the 1st quarter. Neuberger Berman Group LLC now owns 19,926 shares of the company’s stock worth $268,000 after purchasing an additional 7,200 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Brookdale Senior Living by 57.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,112,727 shares of the company’s stock worth $16,368,000 after purchasing an additional 407,604 shares during the period. Hedge funds and other institutional investors own 99.66% of the company’s stock.
Several research firms have commented on BKD. Zacks Investment Research upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Monday, July 3rd. Jefferies Group LLC restated a “buy” rating and set a $16.50 price objective on shares of Brookdale Senior Living in a report on Friday, July 14th. BidaskClub downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Stifel Nicolaus reduced their price objective on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Five investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.50.
Shares of Brookdale Senior Living Inc. (NYSE:BKD) traded down 1.28% during mid-day trading on Friday, reaching $11.55. The company’s stock had a trading volume of 1,978,254 shares. The stock has a 50 day moving average of $12.23 and a 200-day moving average of $13.32. Brookdale Senior Living Inc. has a one year low of $10.65 and a one year high of $18.34. The stock’s market cap is $2.15 billion.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Monday, August 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.79). Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company posted ($0.19) EPS. The firm’s revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts expect that Brookdale Senior Living Inc. will post $1.80 EPS for the current fiscal year.
Brookdale Senior Living Company Profile
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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