Adelante Capital Management LLC Grows Position in Brookdale Senior Living, Inc. (BKD)

Adelante Capital Management LLC increased its holdings in shares of Brookdale Senior Living, Inc. (NYSE:BKD) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,373,210 shares of the company’s stock after acquiring an additional 91,380 shares during the quarter. Adelante Capital Management LLC owned approximately 0.74% of Brookdale Senior Living worth $14,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKD. OxFORD Asset Management LLP acquired a new stake in shares of Brookdale Senior Living in the third quarter valued at approximately $711,000. Dimensional Fund Advisors LP increased its stake in shares of Brookdale Senior Living by 21.0% in the third quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock valued at $126,862,000 after purchasing an additional 2,080,341 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Brookdale Senior Living in the third quarter valued at approximately $122,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Brookdale Senior Living in the third quarter valued at approximately $353,000. Finally, Trexquant Investment LP increased its stake in shares of Brookdale Senior Living by 69.1% in the third quarter. Trexquant Investment LP now owns 32,348 shares of the company’s stock valued at $343,000 after purchasing an additional 13,223 shares during the period. Hedge funds and other institutional investors own 99.87% of the company’s stock.

BKD has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Brookdale Senior Living from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. BidaskClub cut shares of Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. ValuEngine cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Finally, Jefferies Group reiterated a “buy” rating and issued a $15.50 price objective (down from $16.50) on shares of Brookdale Senior Living in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. Brookdale Senior Living has an average rating of “Hold” and an average target price of $15.42.

Brookdale Senior Living, Inc. (NYSE:BKD) opened at $10.56 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 3.23. Brookdale Senior Living, Inc. has a 1-year low of $8.78 and a 1-year high of $16.31.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, November 6th. The company reported ($2.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($1.97). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.28) earnings per share. equities analysts forecast that Brookdale Senior Living, Inc. will post -2.11 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Brookdale Senior Living (NYSE:BKD)

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