Likes senior living space.
Has been investing in private REIT space for seniors.
Trend that will last for decades.
Current share price presenting value.
Would recommend buying.
The quarter for SIA looked fine. Net operating income was up 9.9% with retirement up 11% and LTC up 9.1%. Occupancy was up to 88% in the retirement business with LTC at 97% occupancy. They were also able to increase rates by 5% and the outlook sounds largely optimistic.
Its not our favourite sector in general but things are moving in the right direction and think a case can be made if looking for something with an outsized yield.
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Previously, a very stable business with a nice distribution yield. The pandemic threw all this out the window. Difficulties on occupancy and labour costs. Very solid management. Pursuing attractive growth opportunities. Retirement portfolio has done surprisingly well throughout the pandemic. Challenge on LTC side will hopefully pass. Difficult stock, but you'll be rewarded long term.
Sienna Senior Living Inc is a Canadian stock, trading under the symbol SIA-T on the Toronto Stock Exchange (SIA-CT). It is usually referred to as TSX:SIA or SIA-T
In the last year, 6 stock analysts published opinions about SIA-T. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Sienna Senior Living Inc.
Sienna Senior Living Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Sienna Senior Living Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Sienna Senior Living Inc In the last year. It is a trending stock that is worth watching.
On 2023-10-03, Sienna Senior Living Inc (SIA-T) stock closed at a price of $10.31.
Pandemic challenges continue, especially for labour. Good, long-term business. Costs have increased. Demand is still there. Starting to come back. Debt. Won't see dividend increases soon. If it goes up, take some money off the table. Better places to put your money.