California State Teachers Retirement System Raises Holdings in Brookdale Senior Living Inc. $BKD

California State Teachers Retirement System lifted its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 24.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,379 shares of the company’s stock after buying an additional 53,487 shares during the quarter. California State Teachers Retirement System’s holdings in Brookdale Senior Living were worth $3,671,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BKD. WCM Investment Management LLC purchased a new stake in Brookdale Senior Living in the first quarter worth about $171,681,000. Wellington Management Group LLP raised its holdings in shares of Brookdale Senior Living by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after purchasing an additional 2,282,151 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Brookdale Senior Living by 34.9% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock worth $91,683,000 after purchasing an additional 2,199,000 shares during the period. Renaissance Technologies LLC lifted its position in shares of Brookdale Senior Living by 20.4% in the 1st quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock worth $104,838,000 after purchasing an additional 1,300,100 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Brookdale Senior Living by 3.8% during the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after purchasing an additional 238,042 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BKD. Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Compass Point began coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Finally, Zacks Research lowered Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Brookdale Senior Living Trading Down 0.7%

NYSE:BKD opened at $14.27 on Friday. The company has a market cap of $3.41 billion, a PE ratio of -16.59 and a beta of 0.60. Brookdale Senior Living Inc. has a twelve month low of $6.99 and a twelve month high of $17.09. The company’s 50 day moving average is $14.32 and its two-hundred day moving average is $14.21.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $764.86 million for the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. As a group, analysts expect that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

Brookdale Senior Living Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.