Sienna Senior Living (TSE:SIA) Reaches New 1-Year High – Time to Buy?

Sienna Senior Living Inc. (TSE:SIA) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$21.20 and last traded at C$21.01, with a volume of 133918 shares trading hands. The stock had previously closed at C$21.09.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SIA. Royal Bank Of Canada boosted their target price on shares of Sienna Senior Living from C$20.00 to C$22.00 and gave the stock a “sector perform” rating in a research report on Monday, November 24th. Cibc Captl Mkts raised Sienna Senior Living from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Desjardins upped their price objective on Sienna Senior Living from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. CIBC raised Sienna Senior Living from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$20.00 to C$23.00 in a report on Tuesday, November 18th. Finally, Scotiabank boosted their price target on Sienna Senior Living from C$20.00 to C$22.50 in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$21.42.

Sienna Senior Living Stock Down 0.2%

The company has a quick ratio of 0.23, a current ratio of 0.43 and a debt-to-equity ratio of 215.47. The firm’s 50 day simple moving average is C$19.73 and its 200 day simple moving average is C$18.86. The company has a market cap of C$1.98 billion, a price-to-earnings ratio of 47.84 and a beta of 1.02.

Sienna Senior Living (TSE:SIA) last posted its earnings results on Thursday, November 13th. The company reported C$0.30 EPS for the quarter. The firm had revenue of C$261.70 million for the quarter. Sienna Senior Living had a return on equity of 7.71% and a net margin of 3.57%. Sell-side analysts anticipate that Sienna Senior Living Inc. will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 14th were paid a $0.078 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, October 31st. Sienna Senior Living’s dividend payout ratio is currently 212.73%.

Sienna Senior Living Company Profile

Sienna Senior Living Inc is one of the largest owners of seniors’ housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement and Other. LTC business division consists of consists of 35 LTC residences in the Province of Ontario, eight seniors’ living residences located in the Province of British Columbia and the LTC management services business.