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Sienna Senior Living ( (TSE:SIA) ) just unveiled an update.
Sienna Senior Living Inc. has announced the acquisition of Credit River Retirement Residence, a 133-suite facility in Streetsville, Ontario, as part of its expansion in the Greater Toronto Area. The acquisition, valued at $60.2 million, is expected to enhance Sienna’s market presence and operational synergies in the region, with the transaction anticipated to be immediately accretive to the company’s AFFO per share.
The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$17.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.
Spark’s Take on TSE:SIA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIA is a Neutral.
Sienna Senior Living demonstrates strong revenue growth and strategic expansion, enhancing its market position. Despite challenges with profitability and high leverage, the company’s positive earnings call and corporate events indicate a potential for future growth. Overvaluation concerns are balanced by a high dividend yield, offering some investor appeal.
To see Spark’s full report on TSE:SIA stock, click here.
More about Sienna Senior Living
Sienna Senior Living Inc. (TSX:SIA) provides a comprehensive range of senior living options, including independent living, assisted living, and memory care under its Aspira retirement brand, as well as long-term care and specialized programs. The company employs approximately 14,500 people dedicated to enhancing daily life for seniors.
Average Trading Volume: 277,207
Technical Sentiment Signal: Buy
Current Market Cap: C$1.71B
For a thorough assessment of SIA stock, go to TipRanks’ Stock Analysis page.