Brookdale Senior Living(BKD)
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Brookdale (BKD) Sees 31 Months of Y/Y Occupancy Growth Streak
ZACKS· 2024-06-11 17:25
The Zacks Consensus Estimate for Sera Prognostics' 2024 bottom line suggests a 19% year-over-year improvement. SERA's average earnings surprise for the past four quarters is at 3.7%. The consensus mark for its current-year revenues indicates a 14.4% year-over-year increase. Brookdale Senior Living has witnessed 31 straight months of year-over-year increases in weighted average occupancy. This suggests that the company is witnessing continuous growth in occupancy rates, which is likely to lead to higher resi ...
Brookdale Reports May 2024 Occupancy
Prnewswire· 2024-06-10 20:15
May 2024 Observations: Brookdale Senior Living Inc. is the nation's premier operator of senior living communities. The Company is committed to its mission of enriching the lives of the people it serves with compassion, respect, excellence, and integrity. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities. Through its comprehensive network, Brookdale helps to provide seniors with care, connection, and services in an envir ...
Brookdale (BKD) Down 3% Post Q1 Earnings: What Lies Ahead?
Zacks Investment Research· 2024-05-10 18:01
Brookdale Senior Living Inc.’s (BKD) shares have declined 2.6% since it reported first-quarter 2024 results on May 7, 2024. Despite a narrower-than-expected loss, which resulted from higher resident fees and increased occupancy rates, investors may have been worried about an elevated expense level. Overall costs took a hit from persistent inflationary pressures.Revenue per available unit (“RevPAR”) is anticipated to witness 6.25-6.75% growth on a year-over-year basis in the second quarter of 2024 while the ...
Are You Looking for a Top Momentum Pick? Why Brookdale Senior Living (BKD) is a Great Choice
Zacks Investment Research· 2024-05-10 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Here Is Why Bargain Hunters Would Love Fast-paced Mover Brookdale (BKD)
Zacks Investment Research· 2024-05-09 13:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...
Brookdale Senior Living(BKD) - 2024 Q1 - Quarterly Report
2024-05-08 20:16
Item 1. Legal Proceedings 32 Item 6. Exhibits 34 PART I. FINANCIAL INFORMATION | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------|-------|----------|-------|----------| | | | | | | | Expense | | | | | | Facility operating expense (excluding facility depreciation and amortization of $79,904 and $79,317, respectively) | | 542,550 | | 530,807 | | General and administrative expense ...
Brookdale Senior Living(BKD) - 2024 Q1 - Earnings Call Transcript
2024-05-08 16:47
Brookdale Senior Living Inc. (NYSE:BKD) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Jessica Hazel – Vice President-Investor Relations Cindy Baier – President and Chief Executive Officer Dawn Kussow – Executive Vice President and Chief Financial Officer Conference Call Participants Ben Hendrix – RBC Joanna Gajuk – Bank of America Josh Raskin – Nephron Research Operator Hello, all, and welcome to the Brookdale Senior Living 1Q 2024 Earnings Call. My name is Harry, and I'll be ...
Brookdale Senior Living(BKD) - 2024 Q1 - Quarterly Results
2024-05-07 20:19
Brookdale Announces First Quarter 2024 Results • First quarter consolidated revenue per available unit (RevPAR) increased 6.7% year-over-year and 5.1% sequentially. • First quarter consolidated weighted average occupancy increased 160 basis points, accelerating from recent year-over-year growth trends and outperforming normal seasonal expectations. • Delivered 27.6% first quarter same community operating margin, highest reported margin rate since the initial impact of the pandemic, when excluding prior peri ...
Brookdale Senior (BKD) Sees Y/Y Increase in Q1 Occupancy Levels
Zacks Investment Research· 2024-04-09 17:21
Brookdale Senior Living Inc. (BKD) recently announced that its March 2024 weighted average occupancy grew 180 basis points from the year-ago level to 77.9%. With a first-quarter 2024 weighted average occupancy level of 77.9%, up 160 basis points from the year-ago period, it is evident that the company has had a promising start to the year, similar to the previous year.Brookdale Senior Living has witnessed 29 straight months of year-over-year increases in weighted average occupancy. This indicates the compan ...
Brookdale Reports March 2024 Occupancy
Prnewswire· 2024-04-08 20:15
March's weighted average occupancy increased 180 basis points year-over-year to 77.9%, remaining flat sequentially to February's weighted average occupancy. March's increase over the prior year March reflected a continued monthly trend of accelerated year-over-year improvement in the first quarter, and represents the Company's twenty-ninth consecutive month of year-over-year weighted average occupancy growth. Demonstrating an improvement from normal pre-pandemic seasonality, first quarter 2024 weighted ave ...