Insider Trading Review: Brookdale Senior Living, Inc. (BKD)

Brookdale Senior Living, Inc. (NYSE:BKD) insider has recently participated in insider trading activity. Director, SEWARD JAMES R bought 2,000 shares for $23,690 via one transaction Feb 12. Another notable insider trading was done by CLEGG JACKIE M on Feb 12, who is the Director. The insider acquired 6,500 shares at an average price of $11.76. Moreover, an insider buying of 5,000 shares was carried out by WIELANSKY LEE S, Director, on Feb 11. Following the transaction, the insider now owns 7,768shares in total. Director Petty William G. Jr. bought17,000 shares for $220,828 through one transaction   Feb 11. Following this sale, this insider’s stake in the company comprises 23,730 shares, priced at $289,506 as of Tuesday.

The stock has experienced a total of 16 insider trades in the past three months. These trades include 1 sell activities and 15 buy trades. Furthermore, over the past 12 months, the stock was traded 69 times by insiders. In 48 of these trades, the insider was a seller while an employee of the company was the buyer in just 21 instances.

Brookdale Senior Living, Inc. (BKD) on February 8, 2016reported financial and operating results for the fourth quarter and full year of 2015.

Highlights included:

Cash from Facility Operations (“CFFO”) of $0.58 per share for the fourth quarter of 2015, a 9.4% increase from $0.53 per share in the fourth quarter of 2014 and $2.40 per share for the full year 2015, excluding integration, transaction, transaction-related and electronic medical records (“EMR”) roll-out costs in all periods.

Average occupancy for all consolidated communities in the fourth quarter of 2015 of 86.8%, an increase of 10 basis points from the third quarter of 2015.

Adjusted EBITDA of $222.2 million in the fourth quarter of 2015, a 4.4% increase from the fourth quarter of 2014, excluding integration, transaction, transaction-related and EMR roll-out costs in both periods.

Net loss attributable to Brookdale common stockholders of $0.94 per share for the fourth quarter of 2015, compared to $0.58 for the fourth quarter of 2014, and  net loss attributable to Brookdale common stockholders of $2.48 per share for the full year of 2015.

Andy Smith, Brookdale’s CEO, said, “Our fourth quarter results demonstrate the progress we are making on our operational execution.  Stabilized occupancy and rate, expense control and operating expense synergies produced same community operating income growth of more than 4% over the fourth quarter of 2014.  We are well positioned going into 2016.  Our teams are in place, and we are focused on extending the fourth quarter progress through improved occupancy and increased rates, maintaining expense discipline, delivering more synergies and, importantly, providing our residents with high quality care and service.”