Sandell Asset Management has exited its position in Brookdale Senior Living (NYSE: BKD), about one year after the firm publicly pushed the senior living provider to spin off its real estate assets to maximize shareholder value. New York-based Sandell Asset Management and Sandell Investment Services LLC held shares of BKD as of the end of […]
Category: Stocks
In the midst of a hit to its share value, Brookdale Senior Living (NYSE: BKD) is hopeful that 2016 will be a turnaround year for the company, executives said last week. Executives were quick to reassure investors that the stock price was off base compared to the performance of the business and the value of […]
Just weeks after an activist shareholder pushed a major senior housing asset management firm, the company has fired back, calling the “attention-grabbing” tactic “ill-conceived” and a distraction. NorthStar Asset Management (NYSE: NSAM) was put under pressure at the start of 2016 after shareholder Jonathan Litt, founder and chief investment officer of New York-based hedge fund Land and Buildings […]
Amid stock market turmoil, one senior housing real estate investment trust (REIT) is about to shake things up with a buyback plan. NorthStar Realty Finance (NYSE: NRF) has announced its plans to sell its interests in a senior housing portfolio for a gross price of approximately $900 million, with $648 million of mortgage financing in […]
Brookdale Senior Living (NYSE: BKD) and HCP, Inc. (NYSE: HCP) both finished 2015 with some positive notes, but set more modest outlooks for investors on Tuesday in the face of challenges ahead. Share prices of the two companies and their peer companies slid in the aftermath of the earnings releases, with Welltower (NYSE: HCN) approaching a 52-week low. […]
Changes could be in store for one the nation’s major owners of senior housing real estate, if an activist shareholder prevails. Land and Buildings, a New York-based hedge fund, has urged NorthStar Asset Management (NYSE: NSAM) to recombine with NorthStar Realty Finance (NYSE: NRF), a publicly traded real estate investment trust (REIT). The asset management […]
While real estate developers are working fast to meet the housing needs of a rapidly growing U.S. senior citizen population – which is projected to almost double in the next 35 years – some analysts are warning that developers may be moving too fast, Bloomberg Businessweek reports. A jump in supply is forecast to cut […]
The Ensign Group, Inc. (Nasdaq: ENSG) has announced it is moving forward in the upcoming completion of its healthcare and real estate business split into two separate and independent, publicly-traded companies: The Ensign Group, Inc. and CareTrust REIT, Inc. The company announced the REIT spinoff earlier this year and said this week it is nearing […]
The Ensign Group (Nasdaq: ENSG) announced today it will separate its health care business and real estate business by forming a real estate investment trust spinoff that will leave the former entity as two publicly held companies. Ensign, a national provider of assisted living, skilled nursing, rehab, home health, hospice and other care services, says the […]
Real estate services firm Marcus & Millichap, Inc. (NYSE: MMI) announced last week its initial public offering, but kept details regarding the company’s senior housing business segment on the hush. The national real estate investment services firm announced Thursday its IPO of 6,000,000 shares of its common stock at a price to the public of […]
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