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Brookdale Senior up 2% after sale of peer

Published 06/20/2017, 11:10 AM
© Reuters.  Brookdale Senior up 2% after sale of peer
BKD
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  • Extrapolating from today's sale of Hawthorn Retirement Group, analyst Frank Morgan and team figure Brookdale Senior (BKD +1.9%) could be worth up to $27 per share in a sale - 80% above the current price.
  • A similar valuation equates to $22 per share for BKD, but BKD has other assets like ancillary services, management services, unconsolidated ventures, and leased portfolio which would add another $5.
  • Source: Tatiana Darie at Bloomberg
  • Now read: Risk Arbitrage Today: What If Rite Aid Deal Doesn't Happen?


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