Principal Financial Group Inc. Grows Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Principal Financial Group Inc. increased its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 449.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 136,531 shares of the company’s stock after acquiring an additional 111,686 shares during the period. Principal Financial Group Inc.’s holdings in Brookdale Senior Living were worth $927,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in shares of Brookdale Senior Living by 8.5% in the first quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock valued at $221,000 after purchasing an additional 2,637 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Brookdale Senior Living by 9.2% during the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after buying an additional 2,697 shares during the last quarter. Lazard Asset Management LLC increased 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 worth $92,000 after buying an additional 2,790 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Brookdale Senior Living by 7.7% in the second quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock worth $291,000 after acquiring an additional 3,056 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living in the second quarter valued at $25,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BKD shares. Macquarie reiterated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price for the company. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living has an average rating of “Hold” and a consensus target price of $7.75.

Brookdale Senior Living Trading Up 2.8 %

Shares of BKD stock opened at $5.48 on Friday. The firm’s 50-day simple moving average is $6.13 and its 200-day simple moving average is $6.72. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. Brookdale Senior Living Inc. has a 1-year low of $5.08 and a 1-year high of $8.12. The firm has a market cap of $1.09 billion, a P/E ratio of -5.96 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period in the prior year, the business earned ($0.22) EPS. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post -0.7 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.