Comment by
joebravo on Jul 19, 2023 2:09pm
Thanks for sharing that TimeBuilder. I think that target will be raised after 2Q Financials are released in 3 weeks. If Sienna confirms a positive AFFO and sustainability of the Dividend, which I believe it will, then $12.50 target is more than achievable. I think it will be cheap.
Comment by
joebravo on Jul 19, 2023 2:12pm
Just to show how undervalued Sienna would be if trading at $12.50, it would be Yielding 7.5%, which is still much higher than both Chartwell and Extendicare that have a Yield of approx. 6.3%. Sienna would need to trade over $14 per share to offer a similar Yield.
Comment by
BlueJay2020 on Jul 19, 2023 9:49pm
I'm not really interested in comparing yields between healthcare REITs without understanding the payout ratio and various sustainability indicators.