Sienna Senior Living (TSE:SIA) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Sienna Senior Living Inc. (TSE:SIA)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$22.26 and traded as high as C$23.40. Sienna Senior Living shares last traded at C$22.74, with a volume of 805,301 shares changing hands.

Analysts Set New Price Targets

Several brokerages have issued reports on SIA. Canaccord Genuity Group lifted their target price on shares of Sienna Senior Living from C$26.00 to C$27.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. National Bank Financial increased their price target on shares of Sienna Senior Living from C$27.50 to C$28.50 and gave the stock an “outperform” rating in a report on Thursday. ATB Cormark Capital Markets raised their price objective 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. Scotia raised their price objective on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 7th. Finally, TD lifted their price objective on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sienna Senior Living currently has a consensus rating of “Buy” and an average price target of C$26.36.

Sienna Senior Living Trading Down 2.3%

The company has a market capitalization of C$2.32 billion, a PE ratio of 45.46 and a beta of 1.07. The company has a current ratio of 0.60, a quick ratio of 0.23 and a debt-to-equity ratio of 165.07. The stock has a fifty day moving average of C$22.29 and a two-hundred day moving average of C$22.45.

Sienna Senior Living (TSE:SIA) last issued its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. Sienna Senior Living had a return on equity of 6.44% and a net margin of 4.34%.The business had revenue of C$277.08 million during the quarter. As a group, sell-side analysts anticipate that Sienna Senior Living Inc. will post 0.4595351 earnings per share for the current fiscal year.

Sienna Senior Living Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 14th will be issued a $0.078 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, July 31st. Sienna Senior Living’s payout ratio is presently 195.00%.

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.