|Bid||8.16 x 900|
|Ask||10.10 x 3200|
|Day's Range||7.80 - 8.18|
|52 Week Range||5.97 - 9.84|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.36|
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Land & Buildings' decision ends a tense back-and-forth that began when Brookdale board members James Seward and Jackie Clegg announced they would not seek re-election.
"We thank our stockholders for their support and appreciate their confidence in Brookdale. Morgan Stanley & Co. LLC is serving as financial advisor to Brookdale and Skadden, Arps, Slate, Meagher & Flom LLP is acting as Brookdale's legal advisor. Brookdale Senior Living Inc. is the leading operator of senior living communities throughout the United States.
The letter cites a ruling which says "HCP's CEO code-named its topping bid strategy as ‘project show me what you got, [yo] mama,’ referring to the female CEO of Ventas."
HCP's mutually-beneficial agreement with Brookdale reduces the operator's concentration in the company's portfolio to 8% and enables transitions to Life Care Services under a highly-incentivized contract.
Brookdale Board Believes Jay Flaherty Unfit to Serve as Director, Appointment Could Potentially Endanger Company's Relationships with Largest Landlords Highlights the Company's New, Independent and Highly ...
Following the transactions, which will net Brookdale approximately $208 million, the senior-living giant will own 60% of its facilities.
HCP will acquire Brookdale's 51% equity interest in its unconsolidated CCRC Venture, representing 13 unconsolidated entry fee CCRC communities (5,641 units across 12 campuses), for a gross purchase price of $510 million, generating approximately $277 million net cash proceeds after giving effect to debt and subject to customary working capital proration. Brookdale and HCP agree to jointly market for sale the three remaining unconsolidated entry fee CCRC communities (1,629 units), and Brookdale will receive 51% of the net cash proceeds.
NASHVILLE, Tenn., Sept. 27, 2019 /PRNewswire/ -- Brookdale Senior Living Inc. (BKD) ("Brookdale" or the "Company") today announced that it has entered into a support agreement with Glenview Capital Management ("Glenview"), the Company's largest stockholder. Glenview owned approximately 9.9% of the Company's outstanding common stock as of the close of business on September 9, 2019, the record date for the upcoming 2019 Annual Meeting of Stockholders. Pursuant to the agreement, Glenview will vote all of its shares in favor of both the Company's Class II director nominees, Victoria Freed and Guy Sansone, and with the Board's recommendations on the other proposals at the 2019 Annual Meeting.
Brookdale is surprised that Land & Buildings attempts to suddenly distance its nominee from the OpCo/PropCo financial engineering plan that Land & Buildings had consistently publicly advocated for since 2018. In its previous public communications, Land & Buildings had explicitly linked its nominee, James ("Jay") F. Flaherty III, with its risky OpCo/PropCo financial engineering plan.
NASHVILLE, Tenn., Sept. 18, 2019 /PRNewswire/ -- Brookdale Senior Living Inc. (BKD) ("Brookdale" or the "Company") today filed its definitive proxy statement with the U.S. Securities and Exchange Commission and is mailing a letter to stockholders in connection with its 2019 Annual Meeting of Stockholders (the "2019 Annual Meeting"). Brookdale stockholders of record as of the close of business on September 9, 2019 will be entitled to vote at the 2019 Annual Meeting, which is scheduled for October 29, 2019.
OVERLAND PARK, Kan., Sept. 12, 2019 /PRNewswire/ -- Brookdale Senior Living is taking a new approach to providing skilled nursing and rehabilitation for people living with Alzheimer's and other dementias. A first of its kind in the nation to incorporate specific technology devices, this new dementia-friendly environment at Brookdale Overland Park features tech-enabled programs and trained clinicians focused on delivering person-centered, skilled nursing care and rehabilitation. "This is a unique skilled care and rehabilitation program, offering so much more than just a secured, skilled dementia care environment," said Juliet Holt Klinger, Brookdale's dementia care expert.
NASHVILLE, Tenn., Sept. 10, 2019 /PRNewswire/ -- Brookdale Senior Living Inc. (BKD) ("Brookdale" or the "Company") today announced that CEO Lucinda ("Cindy") Baier has been named to the Nashville Business Journal's 2019 list of Most Admired CEOs. In the annual, "Most Admired CEOs and Their Companies" awards program, Baier was selected for this honor in the Public Companies category. "I am honored to receive this recognition, which reflects the dedication of Brookdale's 60,000 associates," said Baier.
NASHVILLE, Tenn., Sept. 6, 2019 /PRNewswire/ -- Brookdale Senior Living Inc. (BKD) announced today that the Company recently completed significant financing transactions, which will extend maturities and lower borrowing cost for the majority of company maturities for the first half of 2020. The non-recourse mortgage financing has a ten-year term and is secured by first priority mortgages on five senior living communities, most of which had secured loans with near-term maturity dates.
Ms. Freed and Mr. Sansone Together Possess Deep Sales, Marketing, Healthcare and Senior Housing Expertise, Will Stand for Election at 2019 Annual Meeting of Stockholders Company Files Preliminary Proxy ...
Brookdale (BKD) delivered earnings and revenue surprises of -7.14% and 0.58%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
NASHVILLE, Tenn. , Aug. 5, 2019 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced results for the quarter ended June 30, 2019. SECOND ...