Brookdale Senior Living Inc. (NYSE:BKD) Stock Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,442 shares of the company’s stock after acquiring an additional 6,508 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Brookdale Senior Living worth $693,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BKD. nVerses Capital LLC acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $25,000. Headlands Technologies LLC purchased a new position in shares of Brookdale Senior Living during the second quarter valued at $26,000. Innealta Capital LLC purchased a new position in shares of Brookdale Senior Living during the second quarter valued at $52,000. Sei Investments Co. purchased a new position in shares of Brookdale Senior Living during the second quarter valued at $81,000. Finally, Lazard Asset Management LLC boosted its position in Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after purchasing an additional 2,790 shares during the last quarter.

Wall Street Analysts Forecast Growth

BKD has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Macquarie restated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.67.

Brookdale Senior Living Stock Performance

BKD stock opened at $6.05 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. Brookdale Senior Living Inc. has a twelve month low of $3.66 and a twelve month high of $8.12. The business’s fifty day moving average is $6.73 and its 200-day moving average is $6.89. The company has a market cap of $1.17 billion, a P/E ratio of -7.86 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. During the same period in the previous year, the business posted ($0.15) EPS. Equities research analysts forecast that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Brookdale Senior Living Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.