Northern Trust Corp Lowers Stake in Brookdale Senior Living Inc. $BKD

Northern Trust Corp reduced its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,008,501 shares of the company’s stock after selling 82,914 shares during the period. Northern Trust Corp owned 0.86% of Brookdale Senior Living worth $12,573,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BKD. Price T Rowe Associates Inc. MD raised its holdings in Brookdale Senior Living by 10.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 139,571 shares of the company’s stock worth $703,000 after buying an additional 13,225 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Brookdale Senior Living in the fourth quarter worth approximately $135,000. Balyasny Asset Management L.P. lifted its holdings in shares of Brookdale Senior Living by 77.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,683,796 shares of the company’s stock worth $18,529,000 after buying an additional 1,609,997 shares in the last quarter. Bridgefront Capital LLC purchased a new position in shares of Brookdale Senior Living in the fourth quarter worth $145,000. Finally, Crestline Management LP purchased a new stake in Brookdale Senior Living during the fourth quarter valued at $64,000.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock opened at $7.63 on Friday. Brookdale Senior Living Inc. has a 52 week low of $4.45 and a 52 week high of $8.01. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87. The firm has a market capitalization of $1.79 billion, a P/E ratio of -7.26 and a beta of 0.91. The company has a 50 day moving average price of $7.47 and a 200 day moving average price of $6.68.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%.The business had revenue of $812.94 million for the quarter, compared to analysts’ expectations of $817.63 million. Sell-side analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays set a $8.00 price target on shares of Brookdale Senior Living and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Wall Street Zen raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.80.

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.