BKD
Brookdale Senior Living Inc.
Healthcare, Finance/Real Estate
02/17/2015
Presented
| Date | 02/12/2015 |
| Price | $37.27 |
| Market Cap | $6.84B |
| Ent Value | $13.00B |
| P/E Ratio | N/A |
| Book Value | $15.71 |
| Div Yield | N/A |
| Shares O/S | 183.49M |
| Ave Daily Vol | 2,130,000 |
| Short Int | 4.49% |
Current
| Price | $6.07 |
| Market Cap | $1.20B |
| Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates in six segments: Retirement Centers, Assisted Living, Continuing Care Retirement Communities (CCRCs)–Rental, CCRCs–Entry Fee, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens. The Assisted Living segment owns or leases communities consisting of freestanding, multi-story communities, and freestanding single story communities, which offer housing and 24-hour assistance with activities of daily life to mid-acuity frail and elderly residents. This segment also operates memory care communities for residents with Alzheimer's disease and other dementias. The CCRCs-Rental segment owns or leases communities that offer various living arrangements and services to accommodate various levels of physical ability and health. The CCRCs-Entry Fee segment allows residents in the independent living apartment units to pay a one-time upfront entrance fee to use certain amenities and services. The Brookdale Ancillary Services segment provides outpatient therapy, home health, and hospice services to residents of its communities, as well as to other senior living communities. The Management Services segment operates communities under the management agreements. As of December 31, 2013, it operated 76 retirement center communities with 14,549 units; 438 assisted living communities with 22,176 units; 26 rental CCRC communities with 6,504 units; 14 entry fee CCRC communities with 5,873 units; and 95 communities with 17,422 units for third parties. Brookdale Senior Living Inc. is based in Brentwood, Tennessee. |
Publicly traded companies mentioned herein: Brookdale Senior Living Inc (BKD), HCP Inc (HCP), Health Care REIT Inc (HCN), Ventas Inc (VTR)
Highlights
The presenter is long shares of Brookdale Senior Living (BKD), and noted that the entry point is attractive at present levels (~$37) as shares have been “treading water” since the summer of 2014. The owner and operator of over 1,100 senior living properties across the US recently completed the acquisition of Emeritus Senior Living (July, 2014), and is now four times larger than its next closest competitor. Favorable demographic trends and an ability to expand its ancillary services should drive continued growth, and activist interest creates some optionality for shareholders.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.