BMO analyst sees attractive entry point for seniors housing amid share price weakness
By
Scott Barlow
Summary
BMO analyst Tom Callaghan sees an attractive entry point for seniors housing equities amid recent share price weakness. Despite the retreat, he believes underlying operating momentum remains intact and reaffirms a positive outlook on both the equities and operating fundamentals in the sector.
Source
bskyBMO analyst sees attractive entry point for seniors housing amid share price weaknesstheglobeandmail.comKey quotes
· 3 pulledAmid recent share price weakness in Canadian senior housing names, we revisit the space at the mid-year mark and reaffirm our positive view on both the equities and underlying operating fundamentals.
While exact drivers of the retreat are difficult to isolate (ATMs/profit-taking/sector rotations often cited), we believe underlying operating momentum remains firmly intact.
We continue to foresee an appea
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