Brookdale Senior Living, Inc. (BKD) Director Acquires $49,518.00 in Stock

Brookdale Senior Living, Inc. (NYSE:BKD) Director Marcus E. Bromley acquired 6,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average cost of $7.86 per share, with a total value of $49,518.00. Following the completion of the purchase, the director now owns 41,059 shares of the company’s stock, valued at $322,723.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NYSE:BKD traded up $0.23 on Friday, reaching $8.05. The company’s stock had a trading volume of 25,025 shares, compared to its average volume of 3,013,509. Brookdale Senior Living, Inc. has a 1-year low of $6.28 and a 1-year high of $11.09. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 4.64. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -10.19 and a beta of 1.60.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Monday, November 5th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.08. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brookdale Senior Living had a negative return on equity of 14.72% and a negative net margin of 13.93%. Brookdale Senior Living’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.22) earnings per share. Sell-side analysts forecast that Brookdale Senior Living, Inc. will post -1.03 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley boosted its position in shares of Brookdale Senior Living by 16.3% during the third quarter. Morgan Stanley now owns 11,547,943 shares of the company’s stock worth $113,516,000 after buying an additional 1,619,624 shares during the period. Teachers Advisors LLC raised its holdings in Brookdale Senior Living by 4.1% during the third quarter. Teachers Advisors LLC now owns 467,702 shares of the company’s stock worth $4,598,000 after acquiring an additional 18,272 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Brookdale Senior Living by 6.0% during the third quarter. Macquarie Group Ltd. now owns 7,390,125 shares of the company’s stock worth $72,645,000 after acquiring an additional 419,955 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Brookdale Senior Living by 43.5% during the third quarter. Brown Brothers Harriman & Co. now owns 44,144 shares of the company’s stock worth $434,000 after acquiring an additional 13,390 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its holdings in Brookdale Senior Living by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 134,687 shares of the company’s stock worth $1,324,000 after acquiring an additional 47,879 shares in the last quarter.

A number of research analysts have issued reports on BKD shares. Royal Bank of Canada reissued a “hold” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Sunday, November 18th. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. JMP Securities boosted their target price on Brookdale Senior Living from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Stifel Nicolaus decreased their target price on Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.25.

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Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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