Northern Trust Corp Sells 82,914 Shares of Brookdale Senior Living Inc. $BKD

Key Points

• Northern Trust Corp reduced its stake in Brookdale Senior Living Inc. by 4.0% in the first quarter, owning 2,008,501 shares worth approximately $12.57 million.
• Brookdale's stock has a 52-week low of $4.45 and a high of $8.01, and it recently reported a negative earnings per share of ($0.18), missing analysts' expectations.
• Current analyst ratings for Brookdale Senior Living include three Buy ratings and one Sell rating, with a consensus target price of $7.80.

Northern Trust Corp lowered its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 4.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,008,501 shares of the company's stock after selling 82,914 shares during the quarter. Northern Trust Corp owned about 0.86% of Brookdale Senior Living worth $12,573,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Brookdale Senior Living by 124.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company's stock valued at $4,718,000 after purchasing an additional 428,802 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Brookdale Senior Living by 180.4% in the first quarter. SG Americas Securities LLC now owns 167,382 shares of the company's stock worth $1,048,000 after purchasing an additional 107,679 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Brookdale Senior Living by 2.2% in the first quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock worth $1,757,000 after purchasing an additional 5,949 shares in the last quarter. GAMMA Investing LLC boosted its stake in Brookdale Senior Living by 1,999.4% during the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after buying an additional 6,838 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Brookdale Senior Living by 7.7% during the first quarter. American Century Companies Inc. now owns 2,234,645 shares of the company's stock valued at $13,989,000 after purchasing an additional 159,098 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Brookdale Senior Living Stock Performance

NYSE:BKD traded up $0.03 on Wednesday, hitting $7.65. The company's stock had a trading volume of 5,501,184 shares, compared to its average volume of 2,494,991. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. The stock has a fifty day moving average of $7.54 and a two-hundred day moving average of $6.74. The firm has a market capitalization of $1.79 billion, a P/E ratio of -7.28 and a beta of 0.91. Brookdale Senior Living Inc. has a one year low of $4.45 and a one year high of $8.29.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share 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 firm had revenue of $812.94 million for the quarter, compared to the consensus estimate of $817.63 million. Research analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Brookdale Senior Living Profile

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.