Sienna Senior Living Inc. (TSE:SIA) Stock Now Rated “Buy” by Wall Street Brokerages

Shares of Sienna Senior Living Inc. (TSE:SIA – Get Free Report) have received an average rating of “Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$26.27.

Several brokerages recently weighed in on SIA. TD boosted 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 report on Thursday, August 6th. Raymond James Financial raised Sienna Senior Living from a “moderate buy” rating to a “strong-buy” rating and reduced their price objective for the stock from C$25.75 to C$24.25 in a research note on Friday, October 2nd. National Bank Financial raised their price objective on 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. ATB Cormark Capital Markets boosted 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 research report on Thursday, August 6th. Finally, Royal Bank Of Canada upgraded shares of Sienna Senior Living from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$25.00 to C$26.00 in a report on Tuesday, August 11th.

Read Our Latest Report on SIA

Insider Buying and Selling

In related news, Director Brian Johnston bought 2,500 shares of Sienna Senior Living stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of C$19.96 per share, with a total value of C$49,900.00. Following the completion of the transaction, the director owned 29,037 shares in the company, valued at C$579,578.52. The trade was a 9.42% increase in their position. 0.12% of the stock is owned by corporate insiders.

Sienna Senior Living Price Performance

SIA opened at C$19.73 on Monday. The company has a market capitalization of C$2.19 billion, a PE ratio of 37.23 and a beta of 1.00. The firm has a 50-day simple moving average of C$20.51 and a two-hundred day simple moving average of C$21.75. The company has a quick ratio of 0.23, a current ratio of 0.56 and a debt-to-equity ratio of 148.98. Sienna Senior Living has a 52 week low of C$18.50 and a 52 week high of C$24.07.

Sienna Senior Living (TSE:SIA – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%. The company had revenue of C$277.08 million for the quarter. Analysts forecast that Sienna Senior Living will post 0.46 earnings per share for the current fiscal year.

Sienna Senior Living Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0780 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, October 30th. Sienna Senior Living’s payout ratio is currently 176.60%.

About Sienna Senior Living

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Sienna Senior Living (TSE:SIA)

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