Sienna Senior Living initiated with an Outperform at BMO Capital

BMO Capital analyst Tom Callaghan initiated coverage of Sienna Senior Living (LWSCF) with an Outperform rating and C$17 price target The firm says its positive stance is based on the company’s exposure to the “higher-growth” private-pay retirement space and its “competitive” dividend yield of 6.2%. Amid the recent pullback in shares, Sienna’s valuation screens as “quite reasonable,” the analyst tells investors in a research note.