State Street Corp raised its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,569,439 shares of the company’s stock after buying an additional 87,198 shares during the period. State Street Corp owned 1.38% of Brookdale Senior Living worth $34,502,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Terra Nova Asset Management LLC purchased a new stake in shares of Brookdale Senior Living during the first quarter worth approximately $134,000. Highbridge Capital Management LLC purchased a new stake in shares of Brookdale Senior Living during the fourth quarter worth approximately $148,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Brookdale Senior Living during the first quarter worth approximately $159,000. Guggenheim Capital LLC boosted its stake in Brookdale Senior Living by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 14,274 shares of the company’s stock valued at $177,000 after buying an additional 530 shares in the last quarter. Finally, Appleton Partners Inc. MA bought a new stake in Brookdale Senior Living during the first quarter valued at about $197,000.
Shares of Brookdale Senior Living Inc. (BKD) traded up 0.97% during mid-day trading on Friday, hitting $12.52. 1,560,942 shares of the company were exchanged. The stock’s 50-day moving average price is $14.06 and its 200 day moving average price is $13.88. Brookdale Senior Living Inc. has a 12-month low of $10.65 and a 12-month high of $18.34. The stock’s market cap is $2.33 billion.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, August 7th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.79. Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Brookdale Senior Living Inc. will post $1.80 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on BKD shares. Jefferies Group LLC reissued a “buy” rating on shares of Brookdale Senior Living in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. ValuEngine cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus reduced their price target on shares of Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Brookdale Senior Living presently has an average rating of “Hold” and an average target price of $18.29.
About Brookdale Senior Living
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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