Bank of New York Mellon Corp Reduces Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Bank of New York Mellon Corp lessened its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 533,717 shares of the company’s stock after selling 4,016 shares during the period. Bank of New York Mellon Corp owned 0.27% of Brookdale Senior Living worth $2,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BKD. R Squared Ltd acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $33,000. Quest Partners LLC purchased a new position in Brookdale Senior Living during the third quarter worth $104,000. Retirement Income Solutions Inc acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth $114,000. Quantbot Technologies LP purchased a new stake in shares of Brookdale Senior Living in the third quarter valued at $218,000. Finally, Atria Investments Inc boosted its stake in shares of Brookdale Senior Living by 68.6% during the third quarter. Atria Investments Inc now owns 41,469 shares of the company’s stock valued at $282,000 after acquiring an additional 16,878 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Macquarie reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, Brookdale Senior Living presently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $6.15 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a market capitalization of $1.23 billion, a PE ratio of -6.90 and a beta of 1.31. The business’s 50-day moving average price is $5.29 and its 200 day moving average price is $5.68. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $8.12.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The company had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. On average, research analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share 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.