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

Shares of Sienna Senior Living Inc. (TSE:SIA) 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 trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SIA shares. TD increased their target price on Sienna Senior Living from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. National Bank Financial boosted their price target on shares of Sienna Senior Living from C$24.50 to C$27.50 and gave the stock an “outperform” rating in a research note on Monday, April 20th. ATB Cormark Capital Markets increased their price objective on shares of 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. 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 research report on Thursday, May 7th. Finally, 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 report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$26.09.

Sienna Senior Living Stock Down 0.3%

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 business has a 50-day simple moving average of C$22.18 and a 200-day simple moving average of C$22.02. The company has a market cap of C$2.36 billion, a PE ratio of 46.38 and a beta of 1.10.

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

Sienna Senior Living Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.078 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. Sienna Senior Living’s dividend payout ratio is presently 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.