TSE:SIA
14.87
0.05
(0.34%)
Analysis and Opinions about SIA-T
Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 22, 2021
(A Top Pick Apr 28/20, Up 16%) They own 80 LTCs in BC and Ontario. SIA got hit by negative headlines during Covid (seniors died) and higher vacancy rates. This is transitory. Long-term, the number of seniors will double in 15 years in Canada and vacancies should decline. SIA has a solid balance sheet and pays a safe 6.6% dividend yield, guaranteed in part by government-guaranteed cash flows from their long-term care centres. The pandemic has forced governments to modernize this sector, so there will be more government funding to upgrade these LTCs. Expect growth to resume next year.
Show full opinionHide full opinion
(A Top Pick Apr 28/20, Up 16%) They own 80 LTCs in BC and Ontario. SIA got hit by negative headlines during Covid (seniors died) and higher vacancy rates. This is transitory. Long-term, the number of seniors will double in 15 years in Canada and vacancies should decline. SIA has a solid balance sheet and pays a safe 6.6% dividend yield, guaranteed in part by government-guaranteed cash flows from their long-term care centres. The pandemic has forced governments to modernize this sector, so there will be more government funding to upgrade these LTCs. Expect growth to resume next year.
DON'T BUY
DON'T BUY
February 1, 2021
He did buy it last year and it got absolutely crushed. Occupancy rates are going to decline because you can't tour the facilities. They got hit harder than the rest of the seniors homes. He does not own it any more. There is short term risk until the pandemic actually passes.
Show full opinionHide full opinionHe did buy it last year and it got absolutely crushed. Occupancy rates are going to decline because you can't tour the facilities. They got hit harder than the rest of the seniors homes. He does not own it any more. There is short term risk until the pandemic actually passes.
TOP PICK
TOP PICK
December 24, 2020
Down 30% on the year. Learned a lot through Covid. A demographic play. There will be more regulations, but their very strong management can handle it. Pandemic costs will create some near-term volatility. Yield is 6.82%. (Analysts’ price target is $14.38)
Show full opinionHide full opinionDown 30% on the year. Learned a lot through Covid. A demographic play. There will be more regulations, but their very strong management can handle it. Pandemic costs will create some near-term volatility. Yield is 6.82%. (Analysts’ price target is $14.38)
BUY WEAKNESS
BUY WEAKNESS
November 11, 2020
Re-rating of seniors REITs. Prefers Chartwell. SIA dividend is good, payout ratio should start looking better. Low valuation. You can buy both on weakness.
TOP PICK
TOP PICK
September 22, 2020
They took a credibility hit after the Canadian army named them for several infractions at some retirement homes during the spring lockdown (some seniors died of Covid in Sienna home). They since made major management changes to beef up staff. The dividend is sustainable. The cost of operating these seniors' facililities has risen, though the government is covering a part of this cost and is thinking of helping to further fund home upgrades. (Analysts’ price target is $14.02)
Show full opinionHide full opinionThey took a credibility hit after the Canadian army named them for several infractions at some retirement homes during the spring lockdown (some seniors died of Covid in Sienna home). They since made major management changes to beef up staff. The dividend is sustainable. The cost of operating these seniors' facililities has risen, though the government is covering a part of this cost and is thinking of helping to further fund home upgrades. (Analysts’ price target is $14.02)
DON'T BUY
DON'T BUY
August 10, 2020
She is very cautious seniors housing. Sienna is 44% retirement living and 56% long-term care. They've had very negative press, with a few homes needing army help. They face lawsuits. They're paying elevated costs to manage COVID, like hiring new advisors to fix their problems and conduct an internal review. They've suffered occupancy declines. A lot of noise in this stock. Sienna stock is cheap now, but it's too early to enter it. Sienna will not escape blame from the current government review.
Show full opinionHide full opinionShe is very cautious seniors housing. Sienna is 44% retirement living and 56% long-term care. They've had very negative press, with a few homes needing army help. They face lawsuits. They're paying elevated costs to manage COVID, like hiring new advisors to fix their problems and conduct an internal review. They've suffered occupancy declines. A lot of noise in this stock. Sienna stock is cheap now, but it's too early to enter it. Sienna will not escape blame from the current government review.
BUY
BUY
July 13, 2020
Chartwell vs. Sienna A tough call. He owns both. Loves their yields and their valuations have plunged. Nursing homes remain a growth area. Sienna has more problems than Chartwell--Sienna was faulted in the Canadian army report about seniors' deaths in their homes. Chartwell is the stronger play, due to fewer cases in their homes. Both are hamstrung now, because they can't offer tours to prospective clients or allow visitors. This will effect occupancy rates in the short term. (His mother is in a retirement home.)
Chartwell vs. Sienna A tough call. He owns both. Loves their yields and their valuations have plunged. Nursing homes remain a growth area. Sienna has more problems than Chartwell--Sienna was faulted in the Canadian army report about seniors' deaths in their homes. Chartwell is the stronger play, due to fewer cases in their homes. Both are hamstrung now, because they can't offer tours to prospective clients or allow visitors. This will effect occupancy rates in the short term. (His mother is in a retirement home.)
COMMENT
COMMENT
June 25, 2020
SIA-T vs. CSH.UN-T. It was sad what the pandemic has done in the long term care sector. Sienna has had to make some difficult management changes. This is an important needs-based sector in Canada. In Ontario the government has to look how they can properly fund that business. With question marks on the horizon, he would focus on CSH.UN-T because it does not depend on government finding as much. They have done a phenomenal job during the pandemic.
SIA-T vs. CSH.UN-T. It was sad what the pandemic has done in the long term care sector. Sienna has had to make some difficult management changes. This is an important needs-based sector in Canada. In Ontario the government has to look how they can properly fund that business. With question marks on the horizon, he would focus on CSH.UN-T because it does not depend on government finding as much. They have done a phenomenal job during the pandemic.
BUY
BUY
June 16, 2020
The whole industry is in the doghouse, because Covid attacks older people. Sienna followed all government regulations. Government needs to step up its standards and provide much more funding. He feels SIA is a good operator of retirement homes. Their dividend is safe. Aging demographics will feed demand in coming years. SIA pays over a 9% dividend yield that is sustainable. SIA is grossly undervalued. [Question: The CEO stepped down, the Canadian Army slammed Sienna in a report, there have been deaths by dehydration and malnutrition, hospitals have taken over three of its homes, and there's a lawsuit. So, aren't you downplaying the problems at Sienna?] Some of these are allegations need to be proven; retirement homes were particularly vulnerable to Covid; government regulations need to be beefed up; and ad luck may have been at play. He feels SIA handled most situations well, apart from a few exceptions--and this applies to the entire industry. (Analysts’ price target is $15.63)
Show full opinionHide full opinionThe whole industry is in the doghouse, because Covid attacks older people. Sienna followed all government regulations. Government needs to step up its standards and provide much more funding. He feels SIA is a good operator of retirement homes. Their dividend is safe. Aging demographics will feed demand in coming years. SIA pays over a 9% dividend yield that is sustainable. SIA is grossly undervalued. [Question: The CEO stepped down, the Canadian Army slammed Sienna in a report, there have been deaths by dehydration and malnutrition, hospitals have taken over three of its homes, and there's a lawsuit. So, aren't you downplaying the problems at Sienna?] Some of these are allegations need to be proven; retirement homes were particularly vulnerable to Covid; government regulations need to be beefed up; and ad luck may have been at play. He feels SIA handled most situations well, apart from a few exceptions--and this applies to the entire industry. (Analysts’ price target is $15.63)
COMMENT
COMMENT
June 5, 2020
People are now fishing for companies that were the most beaten up -- like airlines, etc. The long term thesis is still good for this space, but he sees other ways to play this. He would favour CSH.UN instead.
People are now fishing for companies that were the most beaten up -- like airlines, etc. The long term thesis is still good for this space, but he sees other ways to play this. He would favour CSH.UN instead.
HOLD
HOLD
May 25, 2020
The retirement living space has been going through massive challenges in terms of COVID. You would have wanted to be in this sector before COVID due to demographics. It is safe to say that regulations will tighten in the space and it may be hard to maintain capital to fund them to meet the regulations. You will have to be careful.
Show full opinionHide full opinionThe retirement living space has been going through massive challenges in terms of COVID. You would have wanted to be in this sector before COVID due to demographics. It is safe to say that regulations will tighten in the space and it may be hard to maintain capital to fund them to meet the regulations. You will have to be careful.
COMMENT
COMMENT
May 13, 2020
She does not own Sienna. Their mix of long term care homes is much larger than others in the space. She has chosen Chartwell instead.
BUY
BUY
April 30, 2020
Just over half in long term care. They have been affected by the pandemic. They have protocols in place to deal with it and have done so effectively. This is a government funded business. It's not a discretionary service. Occupancy will remain very high. The distribution yield is safe and he thinks it is undervalued.
Show full opinionHide full opinionJust over half in long term care. They have been affected by the pandemic. They have protocols in place to deal with it and have done so effectively. This is a government funded business. It's not a discretionary service. Occupancy will remain very high. The distribution yield is safe and he thinks it is undervalued.
TOP PICK
TOP PICK
April 28, 2020
The 8% yield is covered by government payments. This sector has been trashed. Half their business is LTCs, so cash flow is guaranteed by government. So, the dividend is safe. Good balance sheet. Vacancy rates are up because of COVID, but will be absorbed by aging demographics. This sector is very cheap compared to multi-residential REITs. The LTC side of their operation is government-regulated, though provinces need to do a better job of oversight for LTCs as a whole. In the future, there will be much better levels of service and supervision, which may add to costs. The government will absorb these costs, though. (Analysts’ price target is $17.00)
Show full opinionHide full opinionThe 8% yield is covered by government payments. This sector has been trashed. Half their business is LTCs, so cash flow is guaranteed by government. So, the dividend is safe. Good balance sheet. Vacancy rates are up because of COVID, but will be absorbed by aging demographics. This sector is very cheap compared to multi-residential REITs. The LTC side of their operation is government-regulated, though provinces need to do a better job of oversight for LTCs as a whole. In the future, there will be much better levels of service and supervision, which may add to costs. The government will absorb these costs, though. (Analysts’ price target is $17.00)
COMMENT
COMMENT
March 11, 2020
Not a lot of growth. 65% payout ratio. Balance sheet is not bad. Good valuation. Down because it's not the most liquid stock, and there's a flight to quality. Investors are rotating out of REITs into cyclicals. In markets like this, everything goes to cash or to high quality. Yield is 6.3%.
Show full opinionHide full opinionNot a lot of growth. 65% payout ratio. Balance sheet is not bad. Good valuation. Down because it's not the most liquid stock, and there's a flight to quality. Investors are rotating out of REITs into cyclicals. In markets like this, everything goes to cash or to high quality. Yield is 6.3%.
Sienna Senior Living Inc(SIA-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 8
Sienna Senior Living Inc(SIA-T) Frequently Asked Questions
What is Sienna Senior Living Inc stock symbol?
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
Is Sienna Senior Living Inc a buy or a sell?
In the last year, 8 stock analysts published opinions about SIA-T. 5 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Sienna Senior Living Inc.
Is Sienna Senior Living Inc a good investment or a top pick?
Sienna Senior Living Inc was recommended as a Top Pick by Stephen Takacsy, B. Eng, MBA on 2021-03-22. Read the latest stock experts ratings for Sienna Senior Living Inc.
Why is Sienna Senior Living Inc stock dropping?
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.
Is Sienna Senior Living Inc worth watching?
8 stock analysts on Stockchase covered Sienna Senior Living Inc In the last year. It is a trending stock that is worth watching.
What is Sienna Senior Living Inc stock price?
On 2021-04-16, Sienna Senior Living Inc (SIA-T) stock closed at a price of $14.87.
