Adelante Capital Management LLC Acquires Shares of 1,778,542 Brookdale Senior Living Inc. (NYSE:BKD)

Adelante Capital Management LLC purchased a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,778,542 shares of the company's stock, valued at approximately $12,076,000. Brookdale Senior Living accounts for approximately 0.5% of Adelante Capital Management LLC's holdings, making the stock its 24th biggest position. Adelante Capital Management LLC owned about 0.89% of Brookdale Senior Living as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of BKD. Josh Arnold Investment Consultant LLC lifted its stake in shares of Brookdale Senior Living by 38.9% in the 3rd quarter. Josh Arnold Investment Consultant LLC now owns 125,000 shares of the company's stock valued at $849,000 after purchasing an additional 35,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Brookdale Senior Living by 35.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 794,800 shares of the company's stock worth $5,397,000 after purchasing an additional 209,400 shares in the last quarter. Quantbot Technologies LP purchased a new position in Brookdale Senior Living during the third quarter valued at $218,000. FMR LLC boosted its holdings in shares of Brookdale Senior Living by 25.3% during the 3rd quarter. FMR LLC now owns 180,045 shares of the company's stock valued at $1,223,000 after buying an additional 36,302 shares in the last quarter. Finally, Vision Capital Corp grew its position in shares of Brookdale Senior Living by 27.8% in the 3rd quarter. Vision Capital Corp now owns 1,838,440 shares of the company's stock worth $12,483,000 after buying an additional 400,000 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They set a "buy" rating and a $8.00 price objective on the stock. Bank of America cut Brookdale Senior Living from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Macquarie reaffirmed an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $7.75.

Brookdale Senior Living Stock Up 1.6 %

NYSE BKD traded up $0.09 during mid-day trading on Friday, reaching $5.68. The stock had a trading volume of 648,321 shares, compared to its average volume of 1,950,344. Brookdale Senior Living Inc. has a 1 year low of $5.08 and a 1 year high of $8.12. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The company has a fifty day moving average price of $6.02 and a 200 day moving average price of $6.67.

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

Brookdale Senior Living Company 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.