State Street Corp Acquires 9,742 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

State Street Corp increased its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,547,051 shares of the company’s stock after buying an additional 9,742 shares during the period. State Street Corp owned 2.28% of Brookdale Senior Living worth $30,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Brookdale Senior Living by 449.5% in the 3rd quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock valued at $927,000 after buying an additional 111,686 shares during the period. Vision Capital Corp boosted its position in shares of Brookdale Senior Living by 27.8% during the 3rd quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock worth $12,483,000 after acquiring an additional 400,000 shares in the last quarter. Victory Capital Management Inc. increased its stake in Brookdale Senior Living by 5.5% in the third quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock valued at $18,778,000 after acquiring an additional 145,283 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Brookdale Senior Living during the second quarter valued at approximately $3,265,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Brookdale Senior Living during the third quarter worth $1,762,000.

Insider Buying and Selling

In related news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BKD has been the topic of several recent analyst reports. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Friday. Macquarie reissued an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday. Finally, Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target on the stock. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Trading Up 2.6 %

Shares of BKD stock opened at $5.13 on Friday. Brookdale Senior Living Inc. has a twelve month low of $4.89 and a twelve month high of $8.12. The stock’s fifty day simple moving average is $5.73 and its 200 day simple moving average is $6.52. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The firm has a market capitalization of $1.02 billion, a P/E ratio of -5.58 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The firm had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. During the same period in the previous year, the business posted ($0.22) earnings per share. As a group, sell-side analysts predict that Brookdale Senior Living Inc. will post -0.7 EPS for the current fiscal year.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.