Sienna Senior Living (TSE:SIA) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Sienna Senior Living Inc. (TSE:SIA) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$20.13 and traded as high as C$20.25. Sienna Senior Living shares last traded at C$20.23, with a volume of 431,670 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on the company. TD boosted their target price on Sienna Senior Living from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. ATB Cormark Capital Markets increased their price target on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Raymond James Financial raised shares of Sienna Senior Living from a “moderate buy” rating to a “strong-buy” rating and dropped their price objective for the stock from C$25.75 to C$24.25 in a research note on Friday, October 2nd. National Bank Financial lifted their price objective on Sienna Senior Living from C$27.50 to C$28.50 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada raised Sienna Senior Living from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$25.00 to C$26.00 in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$26.27.

Sienna Senior Living Price Performance

The company has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 38.17 and a beta of 1.00. The company has a quick ratio of 0.23, a current ratio of 0.56 and a debt-to-equity ratio of 148.98. The company has a 50 day simple moving average of C$20.13 and a 200 day simple moving average of C$21.82.

Sienna Senior Living (TSE:SIA) last posted its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$277.08 million during the quarter. Sienna Senior Living had a net margin of 4.83% and a return on equity of 6.58%. As a group, research analysts predict that Sienna Senior Living Inc. will post 0.46 EPS for the current year.

Sienna Senior Living Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 13th will be given a dividend of $0.0780 per share. This represents a $0.94 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, October 30th. Sienna Senior Living’s payout ratio is 176.60%.

Insider Transactions at Sienna Senior Living

In other Sienna Senior Living news, Director Brian Johnston acquired 2,500 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was bought at an average cost of C$19.96 per share, for a total transaction of C$49,900.00. Following the completion of the purchase, the director directly owned 29,037 shares in the company, valued at C$579,578.52. This represents a 9.42% increase in their ownership of the stock. 0.12% of the stock is currently owned by corporate insiders.

About Sienna Senior Living

Sienna Senior Living Inc (TSX:SIA) offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna’s approximately 15,000 employees are passionate about cultivating happiness in daily life.