Sienna Senior Living (TSE:SIA) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Sienna Senior Living Inc. (TSE:SIA) shares 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on SIA shares. Canaccord Genuity Group increased their target price on shares of Sienna Senior Living from C$26.00 to C$27.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. National Bank Financial boosted their price objective on shares of Sienna Senior Living from C$24.50 to C$27.50 and gave the stock an “outperform” rating in a report on Monday, April 20th. Scotia lifted their price target on Sienna Senior Living from C$25.00 to C$26.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. ATB Cormark Capital Markets raised their target price on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, TD lifted their target price on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$26.09.

Sienna Senior Living Price Performance

The firm has a 50-day simple moving average of C$22.26 and a 200-day simple moving average of C$22.45. The company has a debt-to-equity ratio of 165.07, a current ratio of 0.60 and a quick ratio of 0.23. The firm has a market capitalization of C$2.41 billion, a PE ratio of 47.38 and a beta of 1.07.

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

Sienna Senior Living Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 14th will be given a dividend of $0.078 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.1%. Sienna Senior Living’s payout ratio is currently 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.