Diversified Healthcare Trust’s (Nasdaq: DHC) senior housing occupancy fell in the final months of 2020 — but the company’s leaders are heartened by positive trends in vaccinations and new sales leads. Occupancy for the Newton, Massachusetts-based real estate investment trust’s senior housing operating portfolio (SHOP) fell to 70.7% as of Dec. 31. That represents a […]
RBC Capital Markets
Welltower (NYSE: WELL), the nation’s largest owner of senior housing properties, will not be changing its strategic direction under its recently named CEO, Shankh Mitra. “Many of you have asked me if our strategy will change going forward — the answer to that question is an emphatic no,” Mitra said Thursday during the Toledo, Ohio-based […]
Executives with Ventas Inc. (NYSE: VTR) are reducing their salaries and the Chicago-based firm is cutting about a quarter of its corporate staff as part of an effort to maintain financial strength in the midst of the Covid-19 pandemic. The real estate investment trust (REIT) is one of the largest owners of senior housing properties […]
Earlier this year, there were signs that the senior housing industry was on its way to a recovery, following a period of oversupply and other headwinds. Then came Covid-19, the disease caused by the so-called novel coronavirus that has sickened at least 100,000 people, roiled economic markets and has disrupted daily life across the globe. […]
COVID-19, the viral disease also known as the “novel coronavirus,” is spreading around the globe. Senior living providers, including Brookdale (NYSE: BKD) and Affinity Living Group (ALG), are preparing for a possible worst-case scenario. While both Brookdale and Affinity are large companies, small providers could face even more dire consequences if the virus infiltrates their […]
Publicly traded and private real estate investment trusts are entering into RIDEA structures with senior housing operators at a level not seen for at least three years. This reflects that REITs have a better understanding of how RIDEA works, after an initial flurry of activity a decade ago, and they are more selective with their […]
On the heels of a strong Q1 2019 performance attributed to an improved sales cycle and growth, Brookdale Senior Living (NYSE: BKD) highlighted some of its operational outcomes Tuesday for a conference of investors. During a presentation at the RBC Capital Markets Global Healthcare Conference in New York City, Brookdale CEO Cindy Baier shared her […]
HCP To Sell 15 Million Shares of Stock HCP (NYSE: HCP) is selling 15 million shares of its common stock. The stock consists of 2 million shares offered directly by the company and 13 million shares offered on a forward basis in connection with a forward sale agreement, at a price of $28.90 per share. The forward buyer, […]
Brookdale Senior Living’s (NYSE: BKD) portfolio restructuring may be in the late innings, but the game is not over yet. The stock price for the Brentwood, Tennessee-based senior housing owner and operator slumped over 11% in trading Monday after RBC Capital Markets analyst Frank Morgan issued further guidance. Morgan his target price for Brookdale stock […]
Brookdale Senior Living (NYSE: BKD) has a ways to go before its turnaround is complete. At the very earliest, the nation’s largest senior housing provider likely won’t see improvement in its performance until fiscal year 2019, according to RBC Capital Markets Analyst Frank Morgan. “Given the challenging operating environment and the ‘heavy lifting’ that management’s […]