State of New Jersey Common Pension Fund D Invests $2.20 Million in Brookdale Senior Living Inc. $BKD

State of New Jersey Common Pension Fund D bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 204,055 shares of the company’s stock, valued at approximately $2,202,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKD. Mason Capital Management LLC acquired a new position in Brookdale Senior Living during the 3rd quarter worth approximately $20,971,000. Wellington Management Group LLP grew its stake in Brookdale Senior Living by 24.5% in the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after acquiring an additional 2,282,151 shares during the period. Millennium Management LLC grew its stake in Brookdale Senior Living by 124.0% in the third quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock valued at $20,986,000 after acquiring an additional 1,371,606 shares during the period. Iron Triangle Partners LP increased its holdings in shares of Brookdale Senior Living by 67.0% during the third quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company’s stock valued at $24,041,000 after acquiring an additional 1,138,361 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Brookdale Senior Living by 9,663.1% during the second quarter. Canada Pension Plan Investment Board now owns 1,005,600 shares of the company’s stock valued at $6,999,000 after acquiring an additional 995,300 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Stephens assumed coverage on Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price on the stock. Barclays boosted their price target on shares of Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, April 20th. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Brookdale Senior Living Stock Down 4.5%

BKD stock opened at $12.95 on Friday. The firm has a market capitalization of $3.09 billion, a PE ratio of -15.06 and a beta of 0.68. Brookdale Senior Living Inc. has a twelve month low of $6.26 and a twelve month high of $17.09. The stock’s 50 day moving average is $14.10 and its 200-day moving average is $12.54.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. Brookdale Senior Living had a negative return on equity of 678.50% and a negative net margin of 6.51%. On average, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

About Brookdale Senior Living

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.