Sienna Senior Living Expands Ottawa Presence with $48 Million Acquisition

Sienna Senior Living ( (TSE:SIA) ) has issued an announcement.

Sienna Senior Living has completed the acquisition of a 165-suite retirement residence in Ottawa for $48 million, enhancing its presence in a market with improving supply-demand fundamentals. The acquisition, financed through a combination of debt and cash, is expected to yield a 6.25% return in the first year and provide immediate synergies with nearby properties, contributing positively to the company’s financial performance.

Spark’s Take on TSE:SIA Stock

According to Spark, TipRanks’ AI Analyst, TSE:SIA is a Neutral.

Sienna Senior Living’s stock score reflects strong revenue growth and improved profitability, with positive momentum in technical analysis. However, high leverage, negative free cash flow, and a high P/E ratio raise concerns about financial stability and valuation. The positive earnings call indicates operational strength and future growth potential, slightly offsetting these risks.

To see Spark’s full report on TSE:SIA stock, click here.

More about Sienna Senior Living

Sienna Senior Living Inc. offers a full range of seniors’ living options, including independent living, assisted living, and memory care under its Aspira retirement brand, as well as long-term care and specialized programs and services. The company employs approximately 13,500 people dedicated to enhancing daily life for seniors.

YTD Price Performance: 6.43%

Average Trading Volume: 326,771

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$1.49B

For an in-depth examination of SIA stock, go to TipRanks’ Stock Analysis page.