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

Sienna Senior Living Inc. (TSE:SIA) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$22.12 and traded as high as C$23.03. Sienna Senior Living shares last traded at C$22.94, with a volume of 157,304 shares.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SIA. ATB Cormark Capital Markets lifted their target price on Sienna Senior Living from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. TD raised their price objective on Sienna Senior Living from C$26.00 to C$27.00 and gave the stock 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 company an “outperform” rating in a research note on Monday, April 20th. Canaccord Genuity Group lifted their price objective on Sienna Senior Living from C$26.00 to C$27.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Scotia boosted their target price on Sienna Senior Living from C$25.00 to C$26.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$26.09.

Sienna Senior Living Stock Performance

The stock’s 50 day moving average price is C$22.12 and its 200 day moving average price is C$22.32. The company has a current ratio of 0.60, a quick ratio of 0.23 and a debt-to-equity ratio of 165.07. The firm has a market cap of C$2.43 billion, a PE ratio of 47.79 and a beta of 1.06.

Sienna Senior Living (TSE:SIA) last posted its earnings results on Tuesday, May 5th. The company reported C$0.17 earnings per share for the quarter. Sienna Senior Living had a net margin of 4.34% and a return on equity of 6.44%. The business had revenue of C$275.41 million for the quarter. As a group, equities analysts forecast that Sienna Senior Living Inc. will post 0.4595351 earnings per share for the current fiscal year.

Sienna Senior Living Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 14th will be given a $0.078 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 4.1%. Sienna Senior Living’s dividend payout ratio (DPR) is 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.