Sienna Senior Living (TSE:SIA) Hits New 1-Year High at $15.91

Sienna Senior Living Inc. (TSE:SIA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$15.91 and last traded at C$15.78, with a volume of 12825 shares traded. The stock had previously closed at C$15.77.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SIA shares. Scotiabank raised shares of Sienna Senior Living from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$14.50 to C$16.50 in a research report on Friday, May 10th. National Bank Financial raised shares of Sienna Senior Living to a “strong-buy” rating in a report on Monday, July 22nd. CIBC raised their price target on Sienna Senior Living from C$14.00 to C$16.00 and gave the stock a “negative” rating in a report on Monday, May 13th. 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 report on Monday, May 13th. Finally, TD Securities increased their target price on shares of Sienna Senior Living from C$15.00 to C$17.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sienna Senior Living has an average rating of “Moderate Buy” and an average target price of C$16.14.

Sienna Senior Living Price Performance

The firm has a market cap of C$1.13 billion, a P/E ratio of 40.44 and a beta of 1.15. The company has a debt-to-equity ratio of 275.10, a current ratio of 0.10 and a quick ratio of 0.23. The firm’s 50 day moving average is C$14.79 and its 200 day moving average is C$13.78.

Sienna Senior Living (TSE:SIA) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$230.95 million during the quarter. Sienna Senior Living had a net margin of 3.40% and a return on equity of 7.45%. As a group, analysts anticipate that Sienna Senior Living Inc. will post 0.3264335 earnings per share for the current year.

Sienna Senior Living Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a yield of 6.04%. The ex-dividend date is Wednesday, July 31st. Sienna Senior Living’s dividend payout ratio is currently 241.03%.

About Sienna Senior Living

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.