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

Sienna Senior Living Inc. (TSE:SIA) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$22.18 and traded as high as C$22.67. Sienna Senior Living shares last traded at C$22.26, with a volume of 416,646 shares changing hands.

Wall Street Analyst Weigh In

SIA has been the topic of a number of recent research reports. Scotia boosted their price target on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 7th. ATB Cormark Capital Markets upped their price target on Sienna Senior Living from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Canaccord Genuity Group increased their price target on Sienna Senior Living from C$26.00 to C$27.50 and gave the company a “buy” rating in a report on Thursday, May 7th. National Bank Financial lifted their price objective on Sienna Senior Living from C$24.50 to C$27.50 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, TD boosted their price objective on 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$26.09.

Sienna Senior Living Trading Down 0.3%

The company has a debt-to-equity ratio of 165.07, a quick ratio of 0.23 and a current ratio of 0.60. The firm has a market capitalization of C$2.36 billion, a PE ratio of 46.38 and a beta of 1.10. The company’s 50-day moving average price is C$22.18 and its 200-day moving average price is C$22.02.

Sienna Senior Living (TSE:SIA) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$275.41 million during the quarter. Sienna Senior Living had a net margin of 4.34% and a return on equity of 6.44%. On average, sell-side analysts expect 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 disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a $0.078 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Sienna Senior Living’s payout ratio is currently 195.00%.

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.