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The latest announcement is out from Sienna Senior Living ( (TSE:SIA) ).
Sienna Senior Living Inc. has completed the acquisition of Hygate on Lexington, a 216-suite retirement residence in Waterloo, Ontario, for $93.3 million. This acquisition, which includes a development site, strengthens Sienna’s presence in southwestern Ontario and is expected to reach stabilized occupancy within two years, enhancing the company’s asset base and market positioning.
The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$22.00 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’s strong earnings call performance and positive technical indicators are significant strengths. However, financial performance concerns, particularly in profitability and cash flow, and a high P/E ratio, weigh on the overall score.
To see Spark’s full report on TSE:SIA stock, click here.
More about Sienna Senior Living
Sienna Senior Living Inc. (TSX:SIA) is a company that provides a comprehensive range of senior living options, including independent living, assisted living, and memory care through its Aspira retirement brand. It also offers long-term care and specialized programs and services. The company employs approximately 15,000 people who are dedicated to enhancing happiness in daily life.
Average Trading Volume: 259,874
Technical Sentiment Signal: Buy
Current Market Cap: C$1.88B
See more data about SIA stock on TipRanks’ Stock Analysis page.