Deutsche Bank AG Boosts Position in Brookdale Senior Living Inc. (NYSE:BKD)

Deutsche Bank AG lifted its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,987,153 shares of the company’s stock after purchasing an additional 318,463 shares during the quarter. Deutsche Bank AG’s holdings in Brookdale Senior Living were worth $24,960,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in Brookdale Senior Living by 124.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company’s stock worth $4,718,000 after buying an additional 428,802 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Brookdale Senior Living by 247.3% in the fourth quarter. JPMorgan Chase & Co. now owns 710,014 shares of the company’s stock valued at $3,571,000 after purchasing an additional 505,569 shares during the last quarter. SG Americas Securities LLC lifted its position in Brookdale Senior Living by 180.4% in the first quarter. SG Americas Securities LLC now owns 167,382 shares of the company’s stock valued at $1,048,000 after purchasing an additional 107,679 shares during the last quarter. Rhumbline Advisers lifted its position in Brookdale Senior Living by 2.2% in the first quarter. Rhumbline Advisers now owns 280,596 shares of the company’s stock valued at $1,757,000 after purchasing an additional 5,949 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Brookdale Senior Living by 1,999.4% during the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock valued at $45,000 after acquiring an additional 6,838 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays set a $8.00 target price on Brookdale Senior Living and gave the company an “equal weight” rating in a report on Thursday, August 7th. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.80.

Brookdale Senior Living Price Performance

Shares of BKD stock opened at $7.40 on Thursday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -7.05 and a beta of 0.87. The business’s fifty day moving average is $7.24 and its 200 day moving average is $6.38. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $8.01. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The firm had revenue of $812.94 million during the quarter, compared to analysts’ expectations of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. Research analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal 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.