The Globe and Mail reports in its Thursday, Feb. 5, edition that Canaccord Genuity analyst Mark Rothschild, believing "favourable demographic trends and supply constraints support long-term cash flow growth," started coverage of Sienna Senior Living with a "buy" recommendation and a $24.50 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $23.10. Mr. Rothschild says in a note: "Sienna offers investors the opportunity to gain exposure to a diversified portfolio of seniors housing properties that should deliver healthy cash flow growth for the foreseeable future. Demographic trends are driving growing demand while new supply is limited. Occupancy has been improving and leading to upward pressure on rental rates. The management team is experienced in operating seniors housing properties, redeveloping older properties and completing accretive acquisitions. The current valuation is attractive, particularly when compared to larger U.S. peers. Canaccord Genuity believes that Sienna trades at an attractive valuation relative to U.S. and Canadian peers when viewed on various valuation metrics.