Sienna Senior Living (TSE:SIA) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Sienna Senior Living Inc. (TSE:SIA)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-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.

Analyst Ratings Changes

Several brokerages have commented on SIA. National Bank Financial raised their price target on shares of Sienna Senior Living from C$24.50 to C$27.50 and gave the company an “outperform” rating in a research report on Monday, April 20th. Scotia lifted their target price on Sienna Senior Living from C$25.00 to C$26.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Canaccord Genuity Group boosted their target price on 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. ATB Cormark Capital Markets upped their price target on 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 upped 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$26.09.

Sienna Senior Living Price Performance

The stock has a fifty day moving average of C$22.18 and a 200-day moving average of C$22.02. The company has a quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 165.07. The stock has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 46.38 and a beta of 1.10.

Sienna Senior Living (TSE:SIA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. Sienna Senior Living had a return on equity of 6.44% and a net margin of 4.34%.The company had revenue of C$275.41 million for the quarter. On average, equities research analysts predict that Sienna Senior Living Inc. will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.078 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.2%. 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.