State Street Corp Has $34.50 Million Position in Brookdale Senior Living Inc. (NYSE:BKD)

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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,569,439 shares of the company’s stock after buying an additional 87,198 shares during the period. State Street Corp owned approximately 1.38% of Brookdale Senior Living worth $34,502,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new stake in Brookdale Senior Living during the first quarter valued at about $159,000. Edmond DE Rothschild Holding S.A. raised its position in shares of Brookdale Senior Living by 7.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,885,000 shares of the company’s stock worth $38,746,000 after buying an additional 210,000 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Brookdale Senior Living by 18.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 983,111 shares of the company’s stock worth $13,204,000 after buying an additional 154,840 shares during the period. Amalgamated Bank raised its position in shares of Brookdale Senior Living by 3.4% in the first quarter. Amalgamated Bank now owns 26,468 shares of the company’s stock worth $355,000 after buying an additional 869 shares during the period. Finally, King Luther Capital Management Corp raised its position in shares of Brookdale Senior Living by 119.8% in the first quarter. King Luther Capital Management Corp now owns 391,835 shares of the company’s stock worth $5,262,000 after buying an additional 213,570 shares during the period.

Shares of Brookdale Senior Living Inc. (NYSE BKD) traded down 0.41% during midday trading on Friday, reaching $12.00. The company had a trading volume of 1,860,501 shares. The company has a 50 day moving average price of $13.69 and a 200-day moving average price of $13.77. The firm’s market capitalization is $2.24 billion. Brookdale Senior Living Inc. has a one year low of $10.65 and a one year high of $18.34.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the 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 company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the firm posted ($0.19) earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. On average, analysts anticipate that Brookdale Senior Living Inc. will post $1.80 EPS for the current fiscal year.

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A number of equities analysts have recently weighed in on the company. BidaskClub lowered Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered Brookdale Senior Living from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. Stifel Nicolaus lowered their target price on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. ValuEngine lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Brookdale Senior Living in a research report on Tuesday, May 2nd. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Brookdale Senior Living (NYSE:BKD)

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