Sienna Senior Living (TSE:SIA) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Sienna Senior Living Inc. (TSE:SIA) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$22.14 and traded as low as C$20.20. Sienna Senior Living shares last traded at C$20.29, with a volume of 657,519 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SIA shares. ATB Cormark Capital Markets boosted 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 report on Thursday, August 6th. Royal Bank Of Canada upgraded Sienna Senior Living from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$25.00 to C$26.00 in a report on Tuesday, August 11th. National Bank Financial lifted their price objective on Sienna Senior Living from C$27.50 to C$28.50 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, TD lifted their price objective on Sienna Senior Living from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$26.45.

Sienna Senior Living Price Performance

The stock’s 50-day moving average is C$22.14 and its 200-day moving average is C$22.33. The firm has a market cap of C$2.25 billion, a P/E ratio of 38.28 and a beta of 1.04. The company has a quick ratio of 0.23, a current ratio of 0.56 and a debt-to-equity ratio of 148.98.

Sienna Senior Living (TSE:SIA) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share 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, equities analysts anticipate that Sienna Senior Living Inc. will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were paid a dividend of $0.078 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, July 31st. Sienna Senior Living’s payout ratio is currently 176.60%.

Sienna Senior Living Company Profile

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.