Legal & General Group Plc Grows Holdings in Brookdale Senior Living, Inc. (BKD)

Legal & General Group Plc raised its stake in Brookdale Senior Living, Inc. (NYSE:BKD) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,811 shares of the company’s stock after purchasing an additional 16,430 shares during the quarter. Legal & General Group Plc owned about 0.11% of Brookdale Senior Living worth $1,346,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BKD. Camelot Portfolios LLC acquired a new position in Brookdale Senior Living in the fourth quarter valued at approximately $67,000. Blueshift Asset Management LLC acquired a new position in Brookdale Senior Living in the fourth quarter valued at approximately $69,000. Raymond James Financial Services Advisors Inc. acquired a new position in Brookdale Senior Living in the fourth quarter valued at approximately $73,000. Virtu Financial LLC acquired a new position in Brookdale Senior Living in the third quarter valued at approximately $129,000. Finally, Menta Capital LLC acquired a new position in Brookdale Senior Living in the fourth quarter valued at approximately $107,000. 99.39% of the stock is currently owned by institutional investors.

Shares of NYSE BKD opened at $6.24 on Monday. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $1.16 billion, a PE ratio of -3.14 and a beta of 1.69. Brookdale Senior Living, Inc. has a 12-month low of $6.08 and a 12-month high of $10.10.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.97. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Brookdale Senior Living had a negative return on equity of 15.69% and a negative net margin of 11.66%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. On average, analysts predict that Brookdale Senior Living, Inc. will post -1.33 earnings per share for the current year.

BKD has been the subject of a number of research reports. ValuEngine upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Jefferies Financial Group reiterated a “buy” rating and set a $10.00 price objective on shares of Brookdale Senior Living in a research report on Tuesday, February 12th. Zacks Investment Research upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research report on Monday, January 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $7.50 price objective on shares of Brookdale Senior Living in a research report on Thursday, February 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.20.

In other Brookdale Senior Living news, Director James R. Seward acquired 10,000 shares of Brookdale Senior Living stock in a transaction dated Tuesday, February 19th. The stock was acquired at an average cost of $7.14 per share, for a total transaction of $71,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denise Wilder Warren acquired 5,000 shares of Brookdale Senior Living stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $6.56 per share, with a total value of $32,800.00. Following the completion of the transaction, the director now owns 24,401 shares of the company’s stock, valued at approximately $160,070.56. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 46,195 shares of company stock valued at $320,904. Insiders own 1.20% of the company’s stock.

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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: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 senior citizens.

Further Reading: Special Dividends

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

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