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Brookdale Announces Election of Early Settlement of its Purchase Contracts
Prnewswire· 2025-03-27 10:45
Core Viewpoint - Brookdale Senior Living Inc. has elected to settle all of its prepaid stock purchase contracts early, which is part of its 7.00% tangible equity units issued in November 2022 [1][2]. Group 1: Settlement Details - The company will issue 12.9341 shares of its common stock for each purchase contract on March 31, 2025, contingent upon the satisfaction of conditions set forth in the purchase contract agreement [2]. - The settlement price is based on the average daily volume-weighted average price of the company's common stock over the 20 trading days ending March 26, 2025 [2]. - Holders of tangible equity units or previously separated notes may require the company to repurchase their notes, including any accrued and unpaid interest, by April 23, 2025 [2]. Group 2: Company Overview - Brookdale Senior Living Inc. operates 647 senior living communities across 41 states, serving approximately 58,000 residents as of December 31, 2024 [4]. - The company offers various living arrangements, including independent living, assisted living, memory care, and continuing care retirement communities, focusing on enriching the lives of seniors [4]. - Brookdale emphasizes its commitment to delivering exceptional value and redefining senior living through its core values of passion, courage, partnership, and trust [4].
Is Brookdale Senior Living (BKD) Stock Outpacing Its Medical Peers This Year?
ZACKS· 2025-03-13 14:46
Company Overview - Brookdale Senior Living (BKD) is currently ranked 2 (Buy) in the Zacks Rank system, indicating a positive outlook for the stock [3] - The stock has shown a year-to-date performance increase of approximately 13.1%, significantly outperforming the average return of 2.9% for the Medical sector [4] Industry Context - Brookdale Senior Living operates within the Medical - Nursing Homes industry, which is currently ranked 3 in the Zacks Industry Rank [5] - The Medical - Nursing Homes industry has experienced a decline of about 3.3% year-to-date, highlighting Brookdale's relative strength within this group [5] Comparative Performance - In comparison, another stock in the Medical sector, Halozyme Therapeutics (HALO), has achieved a year-to-date return of 27.4% and also holds a Zacks Rank of 2 (Buy) [4][5] - The Medical - Biomedical and Genetics industry, to which Halozyme belongs, is ranked 64 and has seen a year-to-date increase of 6% [6]
Despite Fast-paced Momentum, Brookdale (BKD) Is Still a Bargain Stock
ZACKS· 2025-03-13 13:50
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential, leading to potential losses for investors [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Brookdale Senior Living (BKD) Analysis - Brookdale Senior Living (BKD) has shown significant price momentum, with a four-week price change of 15.4%, indicating growing investor interest [4] - Over the past 12 weeks, BKD's stock has gained 15.4%, with a beta of 1.31, suggesting it moves 31% more than the market [5] - BKD has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - BKD is trading at a low Price-to-Sales ratio of 0.36, suggesting it is undervalued, as investors pay only 36 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides BKD, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in identifying potential winning stocks [9]
Here's What Brookdale's Occupancy Growth Story Tells Us
ZACKS· 2025-03-12 17:05
Brookdale Senior Living Inc. (BKD) recently announced that its February 2025 weighted average occupancy grew 140 basis points (bps) from the year-ago level to 79.3%, thanks to favorable move-in and move-out levels. Its January 2025 weighted average occupancy grew 120 bps year over year to 79.2%. This indicates a positive start for 2025, maintaining its recent trend.The weighted average occupancy for 2024 increased 140 bps year over year to 78.6%. Its fourth-quarter figure was 79.4%, which was higher than th ...
Brookdale Reports February 2025 Occupancy
Prnewswire· 2025-03-10 20:15
Company Overview - Brookdale Senior Living Inc. is the leading operator of senior living communities in the United States, with 647 communities across 41 states, serving approximately 58,000 residents as of December 31, 2024 [1] - The company offers various living options including independent living, assisted living, memory care, and continuing care retirement communities, focusing on empowering seniors to live with dignity and purpose [1] - Brookdale emphasizes its commitment to compassionate care, clinical expertise, and exceptional service, guided by its core values of passion, courage, partnership, and trust [1] Occupancy Rates - In February 2025, the weighted average occupancy increased by 140 basis points year-over-year, rising from 77.9% in 2024 to 79.3% in 2025 [3] - Sequentially, the occupancy rate increased by 10 basis points compared to January 2025, indicating continued outperformance against normal seasonality [3] - The first quarter-to-date weighted average occupancy for 2025 stands at 79.2%, showing a significant improvement from the fourth quarter of 2024, which is better than typical seasonal trends [3]
Brookdale Confirms Receipt of Director Nominations
Prnewswire· 2025-03-05 23:35
Core Points - Brookdale Senior Living Inc. has received notice from Pangaea Ventures, L.P. regarding the nomination of six individuals for election to the Board of Directors at the 2025 Annual Meeting of Stockholders [1] - The Board's Nominating and Corporate Governance Committee will review the proposed nominees and will provide a formal recommendation in the proxy statement to be filed with the SEC [2] - Brookdale operates 647 senior living communities across 41 states, serving approximately 58,000 residents as of December 31, 2024, focusing on enriching the lives of seniors through various care solutions [3] Company Overview - Brookdale Senior Living Inc. is recognized as the premier operator of senior living communities in the United States, offering independent living, assisted living, memory care, and continuing care retirement communities [3] - The company emphasizes its commitment to delivering exceptional value and redefining senior living through its core values of passion, courage, partnership, and trust [3] - Brookdale's stock is traded on the New York Stock Exchange under the ticker symbol BKD [3]
Brookdale Expands Real Estate Portfolio With Strategic Acquisitions
ZACKS· 2025-03-04 19:00
Brookdale Senior Living Inc. (BKD) recently announced that it has reinforced its position in the senior living industry by completing two major portfolio acquisitions on Feb. 27, 2025. This strategic decision enhances financial stability, improves operational efficiencies, and capitalizes on the increasing demand for senior care services.The acquisitions include 25 communities from Diversified Healthcare Trust and five communities from Welltower Inc., totaling 41 senior living assets. By increasing its real ...
Brookdale Announces Completion of Two Previously Announced Portfolio Acquisitions, Increasing the Company's Real Estate Ownership Position
Prnewswire· 2025-03-03 11:45
NASHVILLE, Tenn., March 3, 2025 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced the February 27, 2025 closing of two portfolio acquisitions, completing its three-portfolio acquisition plan initially announced in September 2024. Through ownership of these communities, including the portfolio acquisition completed in December 2024, Brookdale is realizing predictable high-yielding returns on 41 assets from improved cost of capital and is increasing its ow ...
Brookdale Incurs Loss in Q4 Due to Higher Costs, Shares Up 6%
ZACKS· 2025-02-25 18:41
Brookdale Senior Living Inc.’s (BKD) shares gained 6.4% since it reported fourth-quarter 2024 results on Feb. 18, 2025. Despite benefiting from improved resident fees, increased revenue per occupied unit (RevPOR) and occupancy gains, the quarterly results were hurt by headwinds stemming from rising facility operating expenses, elevated general and administrative costs and declining interest income. See the Zacks Earnings Calendar to stay ahead of market-making news.BKD incurred a fourth-quarter loss of 37 c ...
Brookdale (BKD) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2025-02-25 14:50
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...