Northern Trust Corp Has $10.52 Million Position in Brookdale Senior Living Inc. (NYSE:BKD)

Northern Trust Corp increased its position in Brookdale Senior Living Inc. (NYSE:BKD) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,091,415 shares of the company’s stock after buying an additional 163,016 shares during the period. Northern Trust Corp owned 1.05% of Brookdale Senior Living worth $10,520,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hedges Asset Management LLC increased its holdings in Brookdale Senior Living by 28.0% in the fourth quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock worth $1,333,000 after buying an additional 58,000 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Brookdale Senior Living by 247.3% during the fourth quarter. JPMorgan Chase & Co. now owns 710,014 shares of the company’s stock valued at $3,571,000 after purchasing an additional 505,569 shares during the last quarter. SG Americas Securities LLC grew its holdings in Brookdale Senior Living by 38.7% during the fourth quarter. SG Americas Securities LLC now owns 59,703 shares of the company’s stock valued at $300,000 after purchasing an additional 16,650 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Brookdale Senior Living by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,495,009 shares of the company’s stock valued at $7,520,000 after purchasing an additional 20,454 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Brookdale Senior Living by 2.9% during the fourth quarter. Swiss National Bank now owns 368,439 shares of the company’s stock valued at $1,853,000 after purchasing an additional 10,500 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price objective on Brookdale Senior Living from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Barclays increased their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a research report on Wednesday, April 16th. Finally, Macquarie reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.70.

Brookdale Senior Living Stock Up 1.0%

Shares of BKD stock opened at $6.90 on Friday. The stock has a market cap of $1.62 billion, a P/E ratio of -7.75 and a beta of 0.83. Brookdale Senior Living Inc. has a one year low of $4.45 and a one year high of $8.12. The stock has a fifty day moving average price of $6.20 and a 200 day moving average price of $5.61. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. Analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current 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.