Sienna Senior Living (TSE:SIA) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Sienna Senior Living Inc. (TSE:SIA) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$22.39 and traded as low as C$20.74. Sienna Senior Living shares last traded at C$21.01, with a volume of 371,283 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Sienna Senior Living from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Thursday, February 26th. ATB Cormark Capital Markets boosted their target price on shares of 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. Scotiabank boosted their target price on shares of Sienna Senior Living from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. TD boosted 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 report on Thursday, May 7th. Finally, Canaccord Genuity Group boosted their target price on shares of Sienna Senior Living from C$26.00 to C$27.50 and gave the stock a “buy” rating in a report 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$26.09.

Sienna Senior Living Stock Performance

The firm has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 43.77 and a beta of 0.95. The stock’s fifty day moving average is C$22.39 and its two-hundred day moving average is C$21.89. The company has a quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 165.07.

Sienna Senior Living (TSE:SIA) last issued 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. On average, analysts predict that Sienna Senior Living Inc. will post 0.4595351 earnings per share for the current year.

Sienna Senior Living Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be issued a $0.078 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, May 29th. 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.