Vision Capital Corp Buys 400,000 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Vision Capital Corp lifted its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 27.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,838,440 shares of the company's stock after acquiring an additional 400,000 shares during the quarter. Brookdale Senior Living makes up about 2.0% of Vision Capital Corp's investment portfolio, making the stock its 17th largest position. Vision Capital Corp owned approximately 0.92% of Brookdale Senior Living worth $12,483,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in Brookdale Senior Living in the second quarter valued at about $9,603,000. Hennessy Advisors Inc. bought a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at about $8,513,000. American Century Companies Inc. raised its position in shares of Brookdale Senior Living by 63.6% in the 2nd quarter. American Century Companies Inc. now owns 3,159,898 shares of the company's stock valued at $21,582,000 after acquiring an additional 1,228,473 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Brookdale Senior Living during the 2nd quarter worth approximately $3,998,000. Finally, Marshall Wace LLP grew its holdings in Brookdale Senior Living by 35.4% during the second quarter. Marshall Wace LLP now owns 1,936,781 shares of the company's stock valued at $13,228,000 after purchasing an additional 506,114 shares during the period.

Brookdale Senior Living Stock Performance

Shares of NYSE:BKD traded up $0.08 on Monday, hitting $5.56. The company had a trading volume of 1,807,976 shares, compared to its average volume of 2,040,883. The stock has a 50 day moving average price of $6.13 and a 200 day moving average price of $6.72. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -6.04 and a beta of 1.32. Brookdale Senior Living Inc. has a 1-year low of $5.08 and a 1-year high of $8.12.

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 analysts' consensus estimates of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter last year, the business posted ($0.22) EPS. Analysts expect that Brookdale Senior Living Inc. will post -0.7 EPS for the current year.

Wall Street Analyst Weigh In

BKD has been the topic of several analyst reports. Macquarie reiterated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Bank of America downgraded Brookdale Senior Living from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a "buy" rating and a $8.00 price target on the stock. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.