Franklin Resources Inc. Has $4.49 Million Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Franklin Resources Inc. reduced its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 23.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 660,764 shares of the company's stock after selling 206,636 shares during the period. Franklin Resources Inc. owned about 0.33% of Brookdale Senior Living worth $4,487,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BKD. Principal Financial Group Inc. grew its holdings in shares of Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company's stock worth $927,000 after purchasing an additional 111,686 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Brookdale Senior Living during the 3rd quarter worth about $1,775,000. Vision Capital Corp increased its position in Brookdale Senior Living by 27.8% in the 3rd quarter. Vision Capital Corp now owns 1,838,440 shares of the company's stock valued at $12,483,000 after acquiring an additional 400,000 shares in the last quarter. Victory Capital Management Inc. increased its position in Brookdale Senior Living by 5.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company's stock valued at $18,778,000 after acquiring an additional 145,283 shares in the last quarter. Finally, Anson Funds Management LP raised its stake in shares of Brookdale Senior Living by 261.6% in the third quarter. Anson Funds Management LP now owns 452,000 shares of the company's stock worth $3,069,000 after acquiring an additional 327,000 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BKD. Royal Bank of Canada reissued an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Friday. Jefferies Financial Group started coverage on 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. Macquarie reaffirmed an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Friday. Finally, Bank of America lowered Brookdale Senior Living from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. 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, the stock presently has an average rating of "Hold" and an average price target of $7.50.

Brookdale Senior Living Trading Down 0.8 %

Shares of Brookdale Senior Living stock traded down $0.04 on Tuesday, hitting $5.07. 432,875 shares of the company's stock traded hands, compared to its average volume of 2,015,406. The firm's 50-day moving average price is $5.69 and its two-hundred day moving average price is $6.49. 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 stock has a market capitalization of $1.01 billion, a PE ratio of -5.51 and a beta of 1.29. Brookdale Senior Living Inc. has a one year low of $4.89 and a one year high of $8.12.

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

Insider Activity

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the transaction, the director now directly owns 211,382 shares in the company, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

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.