Sienna Senior Living (TSE:SIA) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Sienna Senior Living Inc. (TSE:SIA) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$17.27 and traded as high as C$18.58. Sienna Senior Living shares last traded at C$18.54, with a volume of 235,394 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SIA. Desjardins upped their target price on Sienna Senior Living from C$18.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. TD Securities upped their price target on Sienna Senior Living from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. CIBC upped their price objective on Sienna Senior Living from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada upgraded Sienna Senior Living from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$18.00 to C$19.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sienna Senior Living currently has an average rating of “Buy” and an average price target of C$18.79.

Sienna Senior Living Stock Performance

The stock has a market capitalization of C$1.54 billion, a P/E ratio of 45.90 and a beta of 1.20. The stock has a 50 day moving average of C$17.27 and a 200 day moving average of C$16.35. The company has a debt-to-equity ratio of 215.47, a quick ratio of 0.23 and a current ratio of 0.43.

Sienna Senior Living Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were issued a $0.078 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.94 annualized dividend and a dividend yield of 5.05%. Sienna Senior Living’s dividend payout ratio (DPR) is 232.73%.

About Sienna Senior Living

Sienna Senior Living Inc is one of the largest owners of seniors’ housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement and Other.