Sienna Senior Living (TSE:SIA) Share Price Breaks Below Fifty Day Moving Average – Time to Sell?

Sienna Senior Living Inc. (TSE:SIA) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$20.78 and traded as low as C$19.12. Sienna Senior Living shares last traded at C$19.29, with a volume of 472,426 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SIA shares. Raymond James Financial upgraded shares of Sienna Senior Living from a “moderate buy” rating to a “strong-buy” rating and decreased their target price for the company from C$25.75 to C$24.25 in a research report on Friday, October 2nd. Royal Bank Of Canada upgraded shares of Sienna Senior Living from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$25.00 to C$26.00 in a research report on Tuesday, August 11th. TD upped their price target on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. ATB Cormark Capital Markets increased their price objective on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, National Bank Financial raised their price objective on shares of Sienna Senior Living from C$27.50 to C$28.50 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 issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$26.27.

Sienna Senior Living Stock Performance

The company has a fifty day moving average price of C$20.78 and a two-hundred day moving average price of C$21.83. The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 36.40 and a beta of 1.00. The company has a debt-to-equity ratio of 148.98, a current ratio of 0.56 and a quick ratio of 0.23.

Sienna Senior Living (TSE:SIA) last released its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) 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. As a group, equities research analysts expect that Sienna Senior Living Inc. will post 0.46 EPS for the current year.

Sienna Senior Living Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were issued a $0.0780 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, July 31st. Sienna Senior Living’s payout ratio is presently 176.60%.

Insider Buying and Selling

In other Sienna Senior Living news, Director Brian Johnston bought 2,500 shares of Sienna Senior Living stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average cost of C$19.96 per share, for a total transaction of C$49,900.00. Following the completion of the acquisition, the director owned 29,037 shares of the company’s stock, valued at approximately C$579,578.52. This represents a 9.42% increase in their position. 0.12% of the stock is currently owned by corporate insiders.

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.