Victory Capital Management Inc. has increased its holdings in Brookdale Senior Living, Inc., according to the company’s recent disclosure with the Securities and Exchange Commission. This institutional investor purchased an additional 221,458 shares during the fourth quarter of 2020, raising its total ownership to 3,087,841 shares. The move brought Victory Capital Management’s stake in Brookdale Senior Living up by 7.7%, a significant boost that amounted to $8,433,000 at the end of the reporting period.
Brookdale Senior Living is a well-known operator of senior living communities throughout various locations in America. It takes pride in providing independent living arrangements, assisted living and dementia-care communities as well as continuing care retirement centers. Its operational segments include Independent Living Assisted Living & Memory Care, CCRCs (Continuing Care Retirement Centers), Health Care Services and Management Services.
As of Friday’s trading session on the NYSE (New York Stock Exchange), BKD opened at $3.42 per share; having seen both a high ($5.80) and a low ($2.27) within one year’s time frame respectively. The company has a market capitalization worth $643.68 million whilst boasting of a price-to-earnings ratio of -3.68 combined with beta rating of 1.28.
Brookdale Senior Living has kept improving on its balance sheet ratios with a current ratio set at 0.94 combined with a quick ratio also set at 0.94 which slants towards first-class liquidity positions for companies in general management operations.
In an industry where businesses must pay close attention to their debt obligations due to the nature and large scale nature of operations involved such day-to-day running activities require proper bookkeeping methodologies for smooth operations; Brookdale seems to have prioritized sustainability coupled with financial prudency by maintaining its debt/equity ratio standing at an impressive 7.38.
Furthermore, we could also look towards the company’s year-by-year performance which seems to provide insightful information as to its potential future successes. To that end, the business has produced a moving average of $3.55 and $3.23 respectively for the 50-day and 200-day time frames. The performance over this period provides further insights into how Brookdale Senior Living delivers value to investors by consistent application of sound business strategies.
In conclusion, Victory Capital Management Inc.’s investment in Brookdale Senior Living is a vote of confidence in the senior living community industry despite potential short-term profitability challenges associated with healthcare real estates amid the ongoing Covid-19 pandemic. With Brookdale’s funding books promising, we can confidently expect continued growth and expansion of their operation in line with laid out strategic imperatives.
Investor Movement and Sector Performance Predictions for Brookdale Senior Living Inc.
Brookdale Senior Living Inc. is a prominent senior living community operator that manages a broad range of communities, including independent living, assisted living and dementia-care communities, and continuing care retirement centers throughout the United States. The company has been subject to several research reports. StockNews.com recently initiated coverage on Brookdale Senior Living on May 18th, issuing a “hold” rating for the firm. Royal Bank of Canada also reported in February that it had increased its price target on shares of Brookdale Senior Living to $6 from $5 and given it a “sector perform” rating.
Several prominent investors have also invested in Brookdale Senior Living and then purchased or sold shares in the company. JP Morgan Chase & Co. increased its position in Brookdale Senior Living by 17.9% in Q1 2021 after purchasing an additional 22,056 shares during the previous quarter – JPMorgan Chase & Co now owns 145,228 shares of the corporation’s stock valued at $1,024,000. Similarly, BlackRock Inc.’s position rose by 25.7% during Q1 to reach ownership of 30,796,560 Brookdale Senior Living shares valued at $217,115,000.
One important piece of news about Brookdale Senior Living relates to Director Jordan R. Asher’s sale of 17,200 BKD shares at an average price of $3.33 per share on Thursday March 2nd- worth $57,276 total value- while retaining remaining ownership he has in the company amounting to over a hundred thousand other aforementioned shares.
In Q1 ending February this year BKD’s members showed strong earnings performance as they topped revenue and EPS expectations which was well-received among analysts with most predicting adverse earnings per share sitting at-,0.78 cents/share for this year.
Overall as one can see from investor movement towards Brookadale’s equity, ratings and reputable sector performance predictions, the senior living community operator is currently benefiting from solid backing but still needs to keep working hard to maintain strong future growth.
Discussion about this post