First Washington Corp buys $4,766,188 stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : First Washington Corp scooped up 67,250 additional shares in Brookdale Senior Living during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 274,550 shares of Brookdale Senior Living which is valued at $4,766,188.Brookdale Senior Living makes up approximately 2.87% of First Washington Corp’s portfolio.

Other Hedge Funds, Including , Ibm Retirement Fund reduced its stake in BKD by selling 24,135 shares or 56.73% in the most recent quarter. The Hedge Fund company now holds 18,412 shares of BKD which is valued at $319,632. Brookdale Senior Living makes up approx 0.01% of Ibm Retirement Fund’s portfolio. Tradewinds Capital Management added BKD to its portfolio by purchasing 95 company shares during the most recent quarter which is valued at $1,722.Calvert Investment Management boosted its stake in BKD in the latest quarter, The investment management firm added 174 additional shares and now holds a total of 10,899 shares of Brookdale Senior Living which is valued at $197,599. Brookdale Senior Living makes up approx 0.01% of Calvert Investment Management’s portfolio. Quantbot Technologies Lp added BKD to its portfolio by purchasing 28,816 company shares during the most recent quarter which is valued at $531,943. Brookdale Senior Living makes up approx 0.08% of Quantbot Technologies Lp’s portfolio.

Brookdale Senior Living opened for trading at $17.07 and hit $17.57 on the upside on Friday, eventually ending the session at $17.36, with a gain of 0.87% or 0.15 points. The heightened volatility saw the trading volume jump to 23,75,592 shares. Company has a market cap of $3,226 M.

On the company’s financial health, Brookdale Senior Living reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.68 according to the earnings call on May 9, 2016. Analyst had a consensus of $-0.10. The company had revenue of $1263.16 million for the quarter, compared to analysts expectations of $1253.41 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.71 EPS.

Many Wall Street Analysts have commented on Brookdale Senior Living. Shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Top Pick” and Lowered the Price Target to $ 25 from a previous price target of $37 .Shares were Reiterated by Barclays on Feb 10, 2016 to “Equal Weight” and Lowered the Price Target to $ 16 from a previous price target of $21 .

Brookdale Senior Living Inc. operates senior living communities in the United States. The Company operates independent assisted living and dementia-care communities and continuing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services and Management Services. The Company’s Retirement Centers segment provides senior independent and assisted living services in its retirement center communities. The Company’s Assisted Living segment offers housing and assisted living services to mid-acuity frail and elderly residents. The Company’s CCRCs – Rental segment provides living arrangements and services for various types of health. The Brookdale Ancillary Services segment provides home health therapy and other ancillary services and education and wellness programs. The Management Services segment operates communities owned by third parties or by the Company’s unconsolidated ventures.

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