Sienna Senior Living (TSE:SIA) Price Target Raised to C$17.00 at Royal Bank of Canada

Sienna Senior Living (TSE:SIA) had its price objective raised by Royal Bank of Canada from C$16.00 to C$17.00 in a research report released on Thursday, BayStreet.CA reports.

Several other analysts also recently weighed in on the company. National Bank Financial upgraded Sienna Senior Living to a strong-buy rating in a research note on Monday, July 22nd. National Bankshares set a C$17.00 target price on Sienna Senior Living and gave the company an outperform rating in a research note on Tuesday, July 23rd. Desjardins increased their target price on Sienna Senior Living from C$16.50 to C$17.50 and gave the company a buy rating in a research note on Monday, August 12th. TD Securities increased their target price on Sienna Senior Living from C$17.00 to C$18.00 and gave the company a buy rating in a research note on Monday, August 12th. Finally, Scotiabank increased their target price on Sienna Senior Living from C$16.50 to C$17.50 and gave the company an outperform rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sienna Senior Living presently has a consensus rating of Moderate Buy and an average target price of C$17.42.

Sienna Senior Living Stock Performance

Shares of TSE SIA opened at C$15.52 on Thursday. The company has a debt-to-equity ratio of 275.10, a quick ratio of 0.23 and a current ratio of 0.10. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of 39.79 and a beta of 1.19. The business’s 50-day simple moving average is C$15.02 and its 200-day simple moving average is C$14.10. Sienna Senior Living has a 52 week low of C$9.87 and a 52 week high of C$15.91.

Sienna Senior Living (TSE:SIA) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.23). The company had revenue of C$210.52 million for the quarter. Sienna Senior Living had a net margin of 3.40% and a return on equity of 7.45%. As a group, equities research analysts expect that Sienna Senior Living will post 0.3424842 earnings per share for the current fiscal year.

Sienna Senior Living Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, September 13th will be given a $0.078 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.03%. Sienna Senior Living’s dividend payout ratio is currently 241.03%.

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.