Sienna Senior Living Inc

SIA-T

Analysis and Opinions about SIA-T

Signal
Opinion
Expert
BUY
BUY
January 15, 2020

Defensive REIT that pays income. Nursing and retirement homes, mostly in Ontario (where there is a bed shortage of 35,000) and BC. Strong managers and good dividend. He expects the Ontario government will solve this shortage by mid-2020 (allow more nursing homes) that will benefit Sienna and CSH.UN-T. This is very defensive. You can sleep at night owning this.

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Defensive REIT that pays income. Nursing and retirement homes, mostly in Ontario (where there is a bed shortage of 35,000) and BC. Strong managers and good dividend. He expects the Ontario government will solve this shortage by mid-2020 (allow more nursing homes) that will benefit Sienna and CSH.UN-T. This is very defensive. You can sleep at night owning this.

PAST TOP PICK
PAST TOP PICK
December 12, 2019
(A Top Pick Jan 28/19, Up 12%) It is a very safe stock and you collect the growing dividend. He likes the defensive characteristics and the demographics.
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(A Top Pick Jan 28/19, Up 12%) It is a very safe stock and you collect the growing dividend. He likes the defensive characteristics and the demographics.
WEAK BUY
WEAK BUY
December 2, 2019
They hold retirement communities. To be honest, it's not incredibly hard to build such facilities, but aging demographics are a tailwind. It's not one of his top holdings, but belongs in a portfolio.
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They hold retirement communities. To be honest, it's not incredibly hard to build such facilities, but aging demographics are a tailwind. It's not one of his top holdings, but belongs in a portfolio.
COMMENT
COMMENT
November 27, 2019
Best REIT for Income? SIA is a $1.2 billion market cap and a 5.1% yield. The timing is good to buy as they had a soft quarter this transitory. They own 7000 long term care residents and 3200 retirement homes. They are well positioned in Ontario, where the government is struggling to incent more growth. It is probably worth $22-$23 per share.
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Best REIT for Income? SIA is a $1.2 billion market cap and a 5.1% yield. The timing is good to buy as they had a soft quarter this transitory. They own 7000 long term care residents and 3200 retirement homes. They are well positioned in Ontario, where the government is struggling to incent more growth. It is probably worth $22-$23 per share.
BUY
BUY
November 4, 2019
It is a very safe investment and he likes it. They operate seniors homes as well as nursing homes. He thinks it could worth $22 or higher. It is very defensive and a has a very supported distribution yield.
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It is a very safe investment and he likes it. They operate seniors homes as well as nursing homes. He thinks it could worth $22 or higher. It is very defensive and a has a very supported distribution yield.
BUY
BUY
June 19, 2019

Chartwell vs. Sienna for growth He likes and owns both. CSH's latest report says their operating income grew an impressive 4.7%, but Sienna's was 5.4%. CSH's and Sienna's growth are 5-5.5%. CSH has a low 64% payout ratio, but Sienna is a little cheaper at 12.7x vs. CSH's 15.6x. They're similar in many ways, but Sienna has more room for multiple expansion/upside. But CSH is slightly safer because it has a bigger cap. Both are in a good space with demographics as a tailwind.

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Chartwell vs. Sienna for growth He likes and owns both. CSH's latest report says their operating income grew an impressive 4.7%, but Sienna's was 5.4%. CSH's and Sienna's growth are 5-5.5%. CSH has a low 64% payout ratio, but Sienna is a little cheaper at 12.7x vs. CSH's 15.6x. They're similar in many ways, but Sienna has more room for multiple expansion/upside. But CSH is slightly safer because it has a bigger cap. Both are in a good space with demographics as a tailwind.

DON'T BUY
DON'T BUY
May 17, 2019
It ranks about 333 on his list -- about mid-point. A decent dividend. They are paying out 67% of cash flow. Year over year cash flow is up 84%. Sales are looking good as well. It should have predictable cash flows going forward -- although cash flow has not been positive for some while. Yield 4.84%
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It ranks about 333 on his list -- about mid-point. A decent dividend. They are paying out 67% of cash flow. Year over year cash flow is up 84%. Sales are looking good as well. It should have predictable cash flows going forward -- although cash flow has not been positive for some while. Yield 4.84%
PAST TOP PICK
PAST TOP PICK
March 27, 2019
(A Top Pick Mar 27/18, Up 13%) Second biggest after Chartwell. Safe, defensive play in a volatile market. Attractive growing dividend in low interest rate environment. Trading at a huge, unwarranted discount to the apartment sector. Conservative stock for your portfolio, reasonably priced. Demographic tailwind. Not too much government regulation.
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(A Top Pick Mar 27/18, Up 13%) Second biggest after Chartwell. Safe, defensive play in a volatile market. Attractive growing dividend in low interest rate environment. Trading at a huge, unwarranted discount to the apartment sector. Conservative stock for your portfolio, reasonably priced. Demographic tailwind. Not too much government regulation.
COMMENT
COMMENT
February 13, 2019
Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.
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Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.
TOP PICK
TOP PICK
January 28, 2019
You benefit from the aging demographic. They are growing their retirement homes. The dividend gets raised every year. (Analysts’ price target is $19.03)
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You benefit from the aging demographic. They are growing their retirement homes. The dividend gets raised every year. (Analysts’ price target is $19.03)
COMMENT
COMMENT
December 19, 2018
Good yield. 65% and declining payout ratio. Balance sheet is improving. Modeling growth of 3.5%. In a normal market, this is not a bad risk/reward place to get some distribution.
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Good yield. 65% and declining payout ratio. Balance sheet is improving. Modeling growth of 3.5%. In a normal market, this is not a bad risk/reward place to get some distribution.
BUY
BUY
September 24, 2018

Their business is short term rentals and they have pricing power. They aren't subject to rent controls. There is no interest rate risk here. He really likes this company in this sector.

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Their business is short term rentals and they have pricing power. They aren't subject to rent controls. There is no interest rate risk here. He really likes this company in this sector.

TOP PICK
TOP PICK
March 27, 2018

This used to be mostly long-term care but is now 50/50 retirement housing, which is like leasing apartments. Prices will go up with interest rates and inflation. The dividend is safe. This stock barely budged over the turmoil of the last month. The big competitor, Chartwell, trades at a much higher multiple. (Analysts’ price target is 19.42$)

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This used to be mostly long-term care but is now 50/50 retirement housing, which is like leasing apartments. Prices will go up with interest rates and inflation. The dividend is safe. This stock barely budged over the turmoil of the last month. The big competitor, Chartwell, trades at a much higher multiple. (Analysts’ price target is 19.42$)

BUY WEAKNESS
BUY WEAKNESS
June 16, 2017

Senior living accommodations are long-term winners. This has a much lower growth rate at about 2.5% than Chartwell (CSH-T) at about 5%. Trading at around 13X, well above its five-year average at about 12X. Also, its balance sheet is a little more levered. If you own this, that’s fine, but he wouldn’t be putting new money into the name right now. He would rather go with Chartwell.

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Senior living accommodations are long-term winners. This has a much lower growth rate at about 2.5% than Chartwell (CSH-T) at about 5%. Trading at around 13X, well above its five-year average at about 12X. Also, its balance sheet is a little more levered. If you own this, that’s fine, but he wouldn’t be putting new money into the name right now. He would rather go with Chartwell.

COMMENT
COMMENT
May 15, 2017

Demographically this is good. However, it has less growth than some of his other choices in stocks. If you can take marginally more risks, he would prefer a pipeline or an energy stock.

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Demographically this is good. However, it has less growth than some of his other choices in stocks. If you can take marginally more risks, he would prefer a pipeline or an energy stock.

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