Fintel reports that on June 28, 2024, Macquarie initiated coverage of Brookdale Senior Living (NYSE:BKD) with a Outperform recommendation.
Analyst Price Forecast Suggests 13.25% Upside
As of June 12, 2024, the average one-year price target for Brookdale Senior Living is 7.73. The forecasts range from a low of 6.06 to a high of $9.45. The average price target represents an increase of 13.25% from its latest reported closing price of 6.83.
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The projected annual revenue for Brookdale Senior Living is 3,226MM, an increase of 11.31%. The projected annual non-GAAP EPS is -0.91.
What is the Fund Sentiment?
There are 382 funds or institutions reporting positions in Brookdale Senior Living. This is an increase of 21 owner(s) or 5.82% in the last quarter. Average portfolio weight of all funds dedicated to BKD is 0.16%, an increase of 30.10%. Total shares owned by institutions increased in the last three months by 5.44% to 227,749K shares. 
The put/call ratio of BKD is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
Deerfield Management Company, L.p. holds 15,612K shares representing 8.09% ownership of the company. In its prior filing, the firm reported owning 14,793K shares , representing an increase of 5.25%. The firm increased its portfolio allocation in BKD by 12.93% over the last quarter.
Camber Capital Management holds 15,500K shares representing 8.03% ownership of the company. No change in the last quarter.
Glenview Capital Management holds 14,445K shares representing 7.48% ownership of the company. In its prior filing, the firm reported owning 16,945K shares , representing a decrease of 17.31%. The firm decreased its portfolio allocation in BKD by 20.83% over the last quarter.
Wellington Management Group Llp holds 7,285K shares representing 3.77% ownership of the company. In its prior filing, the firm reported owning 4,976K shares , representing an increase of 31.69%. The firm decreased its portfolio allocation in BKD by 77.54% over the last quarter.
Renaissance Technologies holds 6,271K shares representing 3.25% ownership of the company. In its prior filing, the firm reported owning 6,845K shares , representing a decrease of 9.16%. The firm increased its portfolio allocation in BKD by 5.66% over the last quarter.
Brookdale Senior Living Background Information
(This description is provided by the company.)
Brookdale Senior Living Inc. is the leading operator of senior living communities throughout the United States. The Company is committed to providing senior living solutions primarily within properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. Brookdale operates and manages independent living, assisted living, memory care and continuing care retirement communities, with 726 communities in 44 states and the ability to serve approximately 65,000 residents as of September 30, 2020. The Company also offers a range of home health, hospice and outpatient therapy services to over 17,000 patients as of that date. Brookdale's stock is traded on the New York Stock Exchange under the ticker symbol BKD.
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