Brookdale Senior Living (BKD) to Acquire Minority Stake in HCP, Blackstone Acquisition Portfolio
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RBC Capital Downgrades Brookdale Senior Living (BKD) to Outperform
November 2, 2016 6:40 AM EDTRBC Capital downgraded Brookdale Senior Living (NYSE: BKD) from Top Pick to Outperform with a price target of $16.00 (from $25.00).
For an analyst ratings summary and ratings history on Brookdale Senior Living click... More
Wells Fargo Downgrades Brookdale Senior Living (BKD) to Market Perform
November 2, 2016 6:38 AM EDTWells Fargo downgraded Brookdale Senior Living (NYSE: BKD) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Brookdale Senior Living click here. For more ratings news on Brookdale Senior Living click here.
Shares of Brookdale Senior Living closed at $11.80 yesterday.
... MoreBofA/Merrill Lynch Downgrades Brookdale Senior Living (BKD) to Underperform
November 2, 2016 6:38 AM EDTBofA/Merrill Lynch downgraded Brookdale Senior Living (NYSE: BKD) from Neutral to Underperform with a price target of $12.00.
For an analyst ratings summary and ratings history on Brookdale Senior Living click here. For more ratings news on Brookdale Senior Living click here.
Shares of Brookdale Senior Living closed at $11.80 yesterday.
... MoreHCP, Inc. (HCP) Tops Q3 FFO by 1c; Updates FY16 FFO Outlook
November 1, 2016 8:07 AM EDTHCP, Inc. (NYSE: HCP) reported Q3 FFO of $0.72, $0.01 better than the analyst estimate of $0.71. Revenue for the quarter came in at $654.3 million versus the consensus estimate of $634.8 million.
GUIDANCE:
HCP, Inc. sees FY2016 FFO of $2.69-$2.75, versus the consensus of... More
HCP, Inc. (HCP) Announces ~$1.13B Property Portfolio Sale to Brookdale
November 1, 2016 8:05 AM EDTHCP (NYSE: HCP) announced that it has entered into definitive agreements to sell a portfolio of 64 properties leased to Brookdale Senior Living, Inc. ("Brookdale") for an aggregate sales price of $1.125 billion to affiliates of Blackstone Real Estate Partners VIII L.P. (collectively, "Blackstone"). HCP intends to use the proceeds primarily to pay down debt and for general corporate purposes. In addition, HCP and Brookdale have agreed to complete several other transactions, as outlined below. Combined, these transactions will advance our strategic priorities to reduce Brookdale concentration, improve lease coverage, diversify our operator relationships and... More
