Sienna Senior Living (TSE:SIA) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Sienna Senior Living Inc. (TSE:SIA) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.86 and traded as high as C$16.78. Sienna Senior Living shares last traded at C$16.72, with a volume of 211,228 shares.

Wall Street Analyst Weigh In

SIA has been the topic of several research analyst reports. TD Securities set a C$20.00 price objective on Sienna Senior Living and gave the company a “buy” rating in a report on Friday, February 28th. CIBC dropped their price target on shares of Sienna Senior Living from C$19.00 to C$18.00 in a research note on Friday, February 28th. Finally, BMO Capital Markets set a C$17.00 price target on shares of Sienna Senior Living and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sienna Senior Living currently has a consensus rating of “Moderate Buy” and an average target price of C$17.86.

Sienna Senior Living Stock Up 0.1 %

The company has a current ratio of 0.43, a quick ratio of 0.23 and a debt-to-equity ratio of 215.47. The business has a fifty day simple moving average of C$15.86 and a two-hundred day simple moving average of C$16.21. The company has a market cap of C$1.38 billion, a PE ratio of 41.40 and a beta of 1.20.

Sienna Senior Living Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.078 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.94 dividend on an annualized basis and a yield of 5.60%. Sienna Senior Living’s payout ratio is presently 232.73%.

About Sienna Senior Living

Sienna Senior Living Inc is one of the largest owners of seniors’ housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement and Other.