Aaron Wealth Advisors LLC has reduced its holdings in Brookdale Senior Living Inc. by 8.3%, selling 8,386 shares during the second quarter of 2023. This adjustment leaves the firm with 92,559 shares valued at approximately $644,000 as of the latest reporting period, according to data from HoldingsChannel.com. This move reflects a broader trend among institutional investors, many of whom have recently altered their stakes in Brookdale.
Several firms have significantly increased or established new positions in Brookdale Senior Living. For instance, GAMMA Investing LLC raised its stake by an astonishing 1,999.4% in the first quarter, acquiring an additional 6,838 shares to bring its total to 7,180 shares worth around $45,000. Similarly, PNC Financial Services Group Inc. and Strs Ohio both initiated new stakes valued at approximately $47,000 and $61,000, respectively. Additionally, Lazard Asset Management LLC increased its holdings by 6,029.2% in the fourth quarter, now owning 9,868 shares valued at about $49,000.
Analysts Offer Mixed Ratings on Brookdale
Recent analyses have produced varied ratings for Brookdale’s stock. Wall Street Zen upgraded Brookdale Senior Living from a “sell” to a “hold” rating on August 9, 2023. Meanwhile, the Royal Bank of Canada reiterated an “outperform” rating with a price target of $9.00. Barclays set a lower price target of $8.00, maintaining an “equal weight” rating. Currently, three analysts have rated Brookdale with a Buy rating, one assigned a Hold rating, and one issued a Sell rating. The consensus across analysts places the stock’s rating at “Hold,” with a target price of approximately $7.80, according to MarketBeat data.
Financial Performance and Market Outlook
As of the last trading session, Brookdale Senior Living’s stock opened at $7.53. The company’s performance metrics include a 50-day moving average of $7.59 and a 200-day moving average of $6.80. Brookdale has a market capitalization of $1.76 billion, a debt-to-equity ratio of 39.87, and has recorded a one-year low of $4.45 and a high of $8.29.
In its most recent earnings report, released on August 6, 2023, Brookdale reported earnings per share of ($0.18), falling short of the consensus estimate of ($0.14). The company also indicated a negative return on equity of 107.19% and a negative net margin of 7.60%. Revenue for the quarter was reported at $812.94 million, missing the expected $817.63 million. Analysts project that Brookdale will post an earnings per share of ($0.56) for the current fiscal year.
Brookdale Senior Living Inc. operates numerous senior living communities across the United States, encompassing segments such as Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The company’s focus is primarily on catering to middle and upper-income seniors, providing essential living solutions as the population ages.
For those tracking institutional movements, recent changes in stake holdings highlight the dynamic nature of investment in Brookdale Senior Living. More insights into these trends can be found through resources like HoldingsChannel.com, which offers updates on 13F filings and insider trades for Brookdale Senior Living Inc.
