Sienna Senior Living (TSE:SIA) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Sienna Senior Living (TSE:SIA) from a moderate buy rating to a strong-buy rating in a research note released on Friday morning, Marketbeat reports. The brokerage currently has C$24.25 price objective on the stock, down from their prior price objective of C$25.75.

Several other research firms also recently issued reports on SIA. TD upped their price objective on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Thursday, August 6th. National Bank Financial lifted their target price on shares of Sienna Senior Living from C$27.50 to C$28.50 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised shares of Sienna Senior Living from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$25.00 to C$26.00 in a research report on Tuesday, August 11th. Finally, ATB Cormark Capital Markets upped 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 research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$26.27.

Sienna Senior Living Stock Up 0.4%

Sienna Senior Living stock opened at C$20.00 on Friday. The company has a debt-to-equity ratio of 148.98, a current ratio of 0.56 and a quick ratio of 0.23. The stock has a market capitalization of C$2.22 billion, a price-to-earnings ratio of 37.74 and a beta of 1.04. Sienna Senior Living has a 1-year low of C$18.19 and a 1-year high of C$24.07. The business has a fifty day moving average price of C$21.14 and a 200-day moving average price of C$21.94.

Sienna Senior Living (TSE:SIA) last announced its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%.The firm had revenue of C$277.08 million for the quarter. Equities research analysts forecast that Sienna Senior Living will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were issued a dividend of $0.0780 per share. This represents a $0.94 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, July 31st. Sienna Senior Living’s dividend payout ratio (DPR) is 176.60%.

Insiders Place Their Bets

In related news, Director Brian Johnston purchased 2,500 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was bought at an average cost of C$19.96 per share, with a total value of C$49,900.00. Following the completion of the acquisition, the director owned 29,037 shares of the company’s stock, valued at C$579,578.52. The trade was a 9.42% increase in their position. Corporate insiders own 0.12% of the company’s stock.

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.