Trade Report: The BlackRock Advisors LLC Reached $1,642,000 position of Brookdale Senior Living Inc. (BKD)

The BlackRock Advisors LLC Reached $1,642,000 position  of Brookdale Senior Living Inc. (BKD)

BlackRock Advisors LLC increased its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,336 shares of the company’s stock after buying an additional 9,740 shares during the period. BlackRock Advisors LLC owned approximately 0.06% of Brookdale Senior Living worth $1,642,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BKD. Boothbay Fund Management LLC raised its stake in Brookdale Senior Living by 146.5% in the first quarter. Boothbay Fund Management LLC now owns 33,814 shares of the company’s stock worth $537,000 after buying an additional 20,099 shares during the period. Seven Eight Capital LLC raised its position in shares of Brookdale Senior Living by 472.2% in the first quarter. Seven Eight Capital LLC now owns 46,908 shares of the company’s stock valued at $745,000 after buying an additional 38,710 shares during the last quarter. Kingstown Capital Management L.P. raised its position in shares of Brookdale Senior Living by 40.0% in the first quarter. Kingstown Capital Management L.P. now owns 3,500,000 shares of the company’s stock valued at $55,580,000 after buying an additional 1,000,000 shares during the last quarter. Princeton Portfolio Strategies Group LLC raised its position in shares of Brookdale Senior Living by 5.7% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 57,546 shares of the company’s stock valued at $914,000 after buying an additional 3,100 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its position in shares of Brookdale Senior Living by 91.1% in the first quarter. Kennedy Capital Management Inc. now owns 505,180 shares of the company’s stock valued at $8,022,000 after buying an additional 240,815 shares during the last quarter.

Brookdale Senior Living Inc. (NYSE:BKD) opened at 14.67 on Friday. Brookdale Senior Living Inc. has a 52-week low of $11.28 and a 52-week high of $23.92. The firm has a 50-day moving average of $16.54 and a 200 day moving average of $17.17. The company’s market cap is $2.73 billion.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.78. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Brookdale Senior Living had a negative net margin of 6.54% and a positive return on equity of 10.13%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.46) EPS. Equities research analysts expect that Brookdale Senior Living Inc. will post $2.52 earnings per share for the current fiscal year.

BKD has been the subject of several analyst reports. JMP Securities lowered their price objective on Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 24th. Zacks Investment Research upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, October 4th. Wells Fargo & Co. reiterated a “buy” rating on shares of Brookdale Senior Living in a research report on Monday, October 10th. Jefferies Group reiterated a “buy” rating on shares of Brookdale Senior Living in a research report on Tuesday, September 6th. Finally, TheStreet upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $23.83.

About Brookdale Senior Living

Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.

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