Sienna Senior Living (TSE:SIA) Shares Pass Above Fifty Day Moving Average – What’s Next?

Sienna Senior Living Inc. (TSE:SIA) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$16.78 and traded as high as C$17.55. Sienna Senior Living shares last traded at C$16.51, with a volume of 324,825 shares.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Securities lifted their price target on shares of Sienna Senior Living from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their price objective on Sienna Senior Living from C$16.00 to C$17.00 in a research note on Thursday, August 29th. National Bank Financial upgraded Sienna Senior Living to a “strong-buy” rating in a research note on Monday, July 22nd. National Bankshares set a C$17.50 target price on Sienna Senior Living and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, CIBC upped their price target on Sienna Senior Living from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sienna Senior Living currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.58.

Sienna Senior Living Stock Performance

The stock has a market capitalization of C$1.36 billion, a P/E ratio of 42.33 and a beta of 1.20. The company has a quick ratio of 0.23, a current ratio of 0.10 and a debt-to-equity ratio of 275.10. The firm has a 50-day moving average of C$16.78 and a 200 day moving average of C$15.40.

Sienna Senior Living Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.078 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.94 dividend on an annualized basis and a yield of 5.67%. Sienna Senior Living’s payout ratio is currently 241.03%.

About Sienna Senior Living

Sienna Senior Living Inc provides senior living and long-term care (LTC) services in Canada. The company operates through Retirement and LTC segments. It offers independent supportive and assisted living, memory care, and long-term care services; and management services to senior living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc in May 2015.