Brookdale Senior Living Inc. (NYSE:BKD) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 449.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,531 shares of the company's stock after purchasing an additional 111,686 shares during the period. Principal Financial Group Inc. owned 0.07% of Brookdale Senior Living worth $927,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in Brookdale Senior Living during the second quarter valued at $25,000. Headlands Technologies LLC purchased a new position in Brookdale Senior Living during the second quarter worth $26,000. Innealta Capital LLC bought a new position in Brookdale Senior Living during the second quarter valued at $52,000. Sei Investments Co. purchased a new stake in shares of Brookdale Senior Living in the second quarter valued at $81,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock worth $92,000 after acquiring an additional 2,790 shares during the last quarter.

Brookdale Senior Living Stock Up 2.8 %

Shares of NYSE BKD traded up $0.15 during midday trading on Friday, reaching $5.48. 2,355,447 shares of the company's stock traded hands, compared to its average volume of 1,886,610. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -5.96 and a beta of 1.32. Brookdale Senior Living Inc. has a one year low of $5.08 and a one year high of $8.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock's 50 day simple moving average is $6.13 and its 200-day simple moving average is $6.72.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its 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). The firm had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same quarter last year, the business earned ($0.22) earnings per share. On average, analysts predict that Brookdale Senior Living Inc. will post -0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BKD shares. Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a "buy" rating and a $8.00 target price on the stock. Finally, Macquarie reaffirmed an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, Brookdale Senior Living has an average rating of "Hold" and a consensus target price of $7.75.

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.