Sienna Senior Living (TSE:SIA) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Sienna Senior Living Inc. (TSE:SIA)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$20.13 and traded as high as C$20.25. Sienna Senior Living shares last traded at C$20.23, with a volume of 431,670 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James Financial upgraded Sienna Senior Living from a “moderate buy” rating to a “strong-buy” rating and decreased their target price for the stock from C$25.75 to C$24.25 in a research note on Friday, October 2nd. TD boosted their price target on Sienna Senior Living from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised Sienna Senior Living from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$25.00 to C$26.00 in a research note on Tuesday, August 11th. ATB Cormark Capital Markets increased their price objective on Sienna Senior Living from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, National Bank Financial lifted their target price 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. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$26.27.

Sienna Senior Living Stock Up 3.2%

The stock has a market capitalization of C$2.24 billion, a PE ratio of 38.17 and a beta of 1.00. The firm’s fifty day moving average is C$20.13 and its 200-day moving average is C$21.82. 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 (TSE:SIA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. Sienna Senior Living had a net margin of 4.83% and a return on equity of 6.58%. The firm had revenue of C$277.08 million during the quarter. On average, equities research analysts predict that Sienna Senior Living Inc. will post 0.46 earnings per share for the current year.

Sienna Senior Living Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 13th will be issued a $0.0780 dividend. This represents a $0.94 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, October 30th. Sienna Senior Living’s dividend payout ratio (DPR) is currently 176.60%.

Insider Activity at Sienna Senior Living

In other Sienna Senior Living news, Director Brian Johnston purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average cost of C$19.96 per share, for a total transaction of C$49,900.00. Following the completion of the purchase, the director directly owned 29,037 shares in the company, valued at C$579,578.52. This represents a 9.42% increase in their ownership of the stock. 0.12% of the stock is owned by corporate insiders.

Sienna Senior Living Company Profile

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.