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

Shares of Sienna Senior Living Inc. (TSE:SIA) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$22.14 and traded as low as C$20.20. Sienna Senior Living shares last traded at C$20.29, with a volume of 657,519 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank Of Canada upgraded shares of Sienna Senior Living from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from C$25.00 to C$26.00 in a research note on Tuesday, August 11th. ATB Cormark Capital Markets boosted their price target on 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. TD increased their price objective on 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. Finally, National Bank Financial upped 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 report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$26.45.

Sienna Senior Living Trading Down 1.7%

The company has a quick ratio of 0.23, a current ratio of 0.56 and a debt-to-equity ratio of 148.98. The company has a market cap of C$2.25 billion, a P/E ratio of 38.28 and a beta of 1.04. The business has a 50-day moving average price of C$22.14 and a two-hundred day moving average price of C$22.33.

Sienna Senior Living (TSE:SIA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$277.08 million during the quarter. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%. On average, analysts predict that Sienna Senior Living Inc. will post 0.4595351 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. Shareholders of record on Friday, August 14th were issued a dividend of $0.078 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, July 31st. Sienna Senior Living’s payout ratio is currently 176.60%.

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.