Sienna Senior Living Inc. Announces Monthly Dividend of $0.08 (TSE:SIA)

Sienna Senior Living Inc. (TSE:SIA) announced a monthly dividend on Friday, June 14th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.078 per share on Monday, July 15th. This represents a $0.94 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Friday, June 28th.

Sienna Senior Living Stock Performance

Shares of SIA stock opened at C$14.28 on Friday. The firm has a market capitalization of C$1.04 billion, a PE ratio of 38.59 and a beta of 1.15. The firm has a fifty day simple moving average of C$14.01 and a two-hundred day simple moving average of C$12.82. The company has a current ratio of 0.11, a quick ratio of 0.23 and a debt-to-equity ratio of 267.80. Sienna Senior Living has a 12 month low of C$9.87 and a 12 month high of C$15.30.

Sienna Senior Living (TSE:SIA) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.27 EPS for the quarter. Sienna Senior Living had a net margin of 3.29% and a return on equity of 6.83%. The business had revenue of C$230.95 million during the quarter. Analysts forecast that Sienna Senior Living will post 0.329883 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Desjardins upped their target price on shares of Sienna Senior Living from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research note on Monday, May 13th. TD Securities upped their target price on shares of Sienna Senior Living from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. CIBC upped their target price on shares of Sienna Senior Living from C$14.00 to C$16.00 and gave the stock a “negative” rating in a research note on Monday, May 13th. Royal Bank of Canada upped their target price on shares of Sienna Senior Living from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Friday, May 17th. Finally, Scotiabank upgraded shares of Sienna Senior Living from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$14.50 to C$16.50 in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sienna Senior Living presently has an average rating of “Moderate Buy” and an average price target of C$15.57.

Sienna Senior Living Company Profile

Sienna Senior Living Inc provides senior living and long-term care (LTC) services in Canada. The company operates through Retirement and LTC segments. It offers independent supportive and assisted living, memory care, and long-term care services; and management services to senior living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc in May 2015.