Principal Financial Group Inc. Buys 3,390 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Principal Financial Group Inc. boosted its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 15.8% during the second quarter, Holdings Channel.com reports. The firm owned 24,845 shares of the company’s stock after acquiring an additional 3,390 shares during the period. Principal Financial Group Inc.’s holdings in Brookdale Senior Living were worth $170,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BKD. Innealta Capital LLC purchased a new stake in Brookdale Senior Living during the second quarter valued at $52,000. Lazard Asset Management LLC raised its stake in Brookdale Senior Living by 25.0% during the first 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 in the last quarter. Aigen Investment Management LP purchased a new stake in Brookdale Senior Living during the fourth quarter valued at $109,000. SG Americas Securities LLC purchased a new stake in Brookdale Senior Living during the first quarter valued at $130,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Brookdale Senior Living during the fourth quarter valued at $160,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BKD. Macquarie assumed coverage on shares of Brookdale Senior Living in a research note on Friday, June 28th. They set an “outperform” rating and a $7.50 price target on the stock. StockNews.com downgraded shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, 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 Monday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Trading Up 2.5 %

Shares of BKD opened at $6.66 on Monday. Brookdale Senior Living Inc. has a twelve month low of $3.62 and a twelve month high of $8.12. The company has a market cap of $1.29 billion, a P/E ratio of -8.65 and a beta of 1.31. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. The company’s fifty day simple moving average is $7.22 and its 200-day simple moving average is $6.83.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. During the same quarter in the previous year, the company earned ($0.15) earnings per share. As a group, analysts expect that Brookdale Senior Living Inc. will post -0.57 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.