Invesco Boosts its Stake in Brookdale Senior Living, Inc. (BKD)

In a new filing with the SEC, Invesco Ltd. revealed that it has significantly increased its position in Brookdale Senior Living, Inc. (NYSE:BKD) to 10.08 million shares from 6.22 million shares held at the end of the third quarter of 2013. The stake amasses 8.1% of the common stock of the company.

Brookdale Senior Living, Inc. (NYSE:BKD)

Brookdale Senior Living, Inc. (NYSE:BKD), owns and operates senior living communities in the U.S. Recently, the company released its results for the fourth quarter and FY2013. The total revenue for the fourth quarter was $734.2 million, representing a 5.0% increase over the quarter. For FY13, the company posted a revenue of $2.9 billion, which equals a healthy 4.5% increase in year-on-year terms.

Adjusted EBITDA surged by 18.1% in the fourth quarter to $129.1 million, compared to fourth quarter of 2013. The net loss for the fourth quarter was $1.0 million, versus a net loss of $24.7 million in the fourth quarter of 2012. Cash from Facility Operations for the fourth quarter amounted to $88.5 million, while for the full year it was $308.5 million.

Brookdale Senior Living, Inc. (NYSE:BKD), has also laid down the guidance for FY14, where the company expects Cash from Facility Operations to be between $2.68 and $2.75 per share, excluding integration, transaction-related and EMR roll-out costs.

Michael Novogratz’s Fortress Investment Group, is another hedge fund, which held 17.59 million shares of Brookdale Senior Living, Inc. (NYSE:BKD) at the end of the third quarter of 2013.

Disclosure: none

Recommended reading:

Abby Flamholz and Yehuda Blinder Are Betting On These Stocks: JPMorgan Chase & Co. (JPM), Lockheed Martin Corporation (LMT) & Others

Fang Zheng’s Keywise Capital Loves These Chinese Stocks

Ranjan Tandon’s Top Stock Picks Includes SilverCrest Mines Inc (SVLC), Gran Tierra Energy Inc. (GTE) & Others

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!