Stifel Nicolaus Reaffirms Buy on Sunrise Senior Living

Stifel Nicolaus is out with its report today on Sunrise Senior Living SRZ, reaffirming Buy. In a note to clients, Stifel Nicolaus writes, "Although cautioning that senior housing may be a lagging indicator, management indicated occupancy trends for Sunrise have held up well and Sunrise increased rates right through the downturn. We reaffirm our Buy rating on SRZ shares with a $12 target price equal to our NAV per share estimate." At the time of posting, shares of SRZ were trading pre-market at $8.30, down 1.89% from Tuesday's close.