Brookdale Senior Living Inc. (NYSE:BKD) Shares Bought by Pingora Partners LLC

Pingora Partners LLC raised its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 20.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 193,184 shares of the company’s stock after buying an additional 32,800 shares during the period. Pingora Partners LLC’s holdings in Brookdale Senior Living were worth $972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Penn Capital Management Company LLC grew its holdings in Brookdale Senior Living by 15.2% in the fourth quarter. Penn Capital Management Company LLC now owns 1,768,632 shares of the company’s stock valued at $8,896,000 after purchasing an additional 233,158 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Brookdale Senior Living by 10.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 139,571 shares of the company’s stock worth $703,000 after acquiring an additional 13,225 shares in the last quarter. Hsbc Holdings PLC raised its position in Brookdale Senior Living by 12.0% during the fourth quarter. Hsbc Holdings PLC now owns 126,345 shares of the company’s stock worth $635,000 after acquiring an additional 13,582 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Brookdale Senior Living by 53.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 401,338 shares of the company’s stock valued at $2,019,000 after purchasing an additional 139,851 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Brookdale Senior Living by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock worth $568,000 after purchasing an additional 1,953 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BKD shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Thursday, April 10th. Barclays increased their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a research note on Wednesday, April 16th. Finally, Macquarie reaffirmed an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Up 0.5 %

Shares of BKD opened at $6.24 on Friday. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The stock has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $5.55. The company has a market capitalization of $1.25 billion, a PE ratio of -7.01 and a beta of 0.87.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The firm had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

About Brookdale Senior Living

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.