Brookdale Senior Living, Inc. (BKD) Short Interest Up 37.7% in January

Brookdale Senior Living, Inc. (NYSE:BKD) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 16,384,702 shares, a growth of 37.7% from the January 12th total of 11,894,542 shares. Based on an average trading volume of 2,719,867 shares, the short-interest ratio is presently 6.0 days. Currently, 8.9% of the company’s stock are sold short.

A number of research firms recently weighed in on BKD. Stephens set a $16.00 target price on shares of Brookdale Senior Living and gave the stock a “buy” rating in a report on Monday, November 20th. Stifel Nicolaus lowered their target price on shares of Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a report on Monday, December 18th. Jefferies Group set a $14.00 target price on shares of Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Royal Bank of Canada reduced their price objective on shares of Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $14.60.

Shares of Brookdale Senior Living (NYSE:BKD) opened at $9.50 on Tuesday. Brookdale Senior Living has a 52-week low of $8.78 and a 52-week high of $16.23. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $1,770.00, a PE ratio of -2.07 and a beta of 1.64.

A number of hedge funds have recently modified their holdings of BKD. Dimensional Fund Advisors LP grew its position in Brookdale Senior Living by 21.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock worth $126,862,000 after purchasing an additional 2,080,341 shares in the last quarter. Land & Buildings Investment Management LLC grew its position in Brookdale Senior Living by 55.6% in the 3rd quarter. Land & Buildings Investment Management LLC now owns 5,000,774 shares of the company’s stock worth $53,008,000 after purchasing an additional 1,787,856 shares in the last quarter. Cortina Asset Management LLC bought a new stake in Brookdale Senior Living in the 3rd quarter worth about $14,365,000. Canada Pension Plan Investment Board grew its position in Brookdale Senior Living by 3,384.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,080,200 shares of the company’s stock worth $11,450,000 after purchasing an additional 1,049,200 shares in the last quarter. Finally, Forward Management LLC grew its position in Brookdale Senior Living by 425.8% in the 3rd quarter. Forward Management LLC now owns 972,200 shares of the company’s stock worth $10,306,000 after purchasing an additional 787,300 shares in the last quarter. 99.18% of the stock is owned by institutional investors and hedge funds.

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Brookdale Senior Living Company Profile

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

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