Waterfront Capital Partners LLC Sells 840,188 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Waterfront Capital Partners LLC lessened its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 27.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,269,583 shares of the company's stock after selling 840,188 shares during the period. Brookdale Senior Living accounts for 2.1% of Waterfront Capital Partners LLC's portfolio, making the stock its 17th largest holding. Waterfront Capital Partners LLC owned 1.14% of Brookdale Senior Living worth $15,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in Brookdale Senior Living in the 1st quarter worth $354,000. Vanguard Group Inc. increased its stake in shares of Brookdale Senior Living by 1.2% in the first quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company's stock worth $120,774,000 after purchasing an additional 220,199 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Brookdale Senior Living by 143.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,262 shares of the company's stock worth $253,000 after purchasing an additional 22,568 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after purchasing an additional 2,790 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Brookdale Senior Living by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 155,822 shares of the company's stock valued at $1,030,000 after buying an additional 6,537 shares during the last quarter.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock traded up $0.12 on Friday, hitting $5.71. The company's stock had a trading volume of 648,319 shares, compared to its average volume of 2,029,463. Brookdale Senior Living Inc. has a one year low of $5.08 and a one year high of $8.12. The firm has a market cap of $1.14 billion, a P/E ratio of -6.21 and a beta of 1.32. 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 company has a fifty day moving average price of $6.04 and a 200-day moving average price of $6.68.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its 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 business had revenue of $784.17 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned ($0.22) EPS. On average, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. 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. Macquarie reissued an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a "buy" rating and a $8.00 price objective for the company. Two 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 a consensus rating of "Hold" and an average price target 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.