Sienna Senior Living (TSE:SIA) Sets New 52-Week High – What’s Next?

Sienna Senior Living Inc. (TSE:SIA) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$21.93 and last traded at C$21.82, with a volume of 126289 shares. The stock had previously closed at C$21.65.

Analyst Ratings Changes

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

Sienna Senior Living Stock Performance

The stock’s 50 day moving average price is C$20.65 and its 200 day moving average price is C$19.25. The company has a current ratio of 0.43, a quick ratio of 0.23 and a debt-to-equity ratio of 215.47. The company has a market cap of C$2.05 billion, a price-to-earnings ratio of 49.59 and a beta of 0.99.

Sienna Senior Living (TSE:SIA) last issued its earnings results on Thursday, November 13th. The company reported C$0.30 earnings per share 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%. On average, analysts expect that Sienna Senior Living Inc. will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 14th were issued a $0.078 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 4.3%. Sienna Senior Living’s dividend payout ratio is currently 212.73%.

About Sienna Senior Living

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.