Sienna Senior Living Inc. (TSE:SIA) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analyst sentiment is bullish: All 11 covering brokerages recommend buying Sienna Senior Living, with an average 12-month price target of C$26.45 versus a recent price of C$19.84.
• Several firms recently raised their price targets, including National Bank Financial to C$28.50, TD to C$28.00, and ATB Cormark to C$27.00.
• Insider buying and income: Director Brian Johnston purchased 2,500 shares for approximately C$49,900, while the company’s monthly dividend implies a 4.7% annualized yield.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report) has received a consensus rating of "Buy" from the eleven ratings firms that are covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$26.45.

SIA has been the topic of a number of recent research reports. Royal Bank Of Canada raised shares of Sienna Senior Living from a "hold" rating to a "moderate buy" rating and lifted their target price for the company from C$25.00 to C$26.00 in a report on Tuesday, August 11th. ATB Cormark Capital Markets increased their price target on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. National Bank Financial raised their price objective on shares of Sienna Senior Living from C$27.50 to C$28.50 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, TD lifted their price objective on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the company a "buy" rating in a research note on Thursday, August 6th.

Insider Activity

In related news, Director Brian Johnston purchased 2,500 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average price of C$19.96 per share, with a total value of C$49,900.00. Following the completion of the acquisition, the director directly owned 29,037 shares in the company, valued at C$579,578.52. This represents a 9.42% increase in their position. 0.12% of the stock is currently owned by corporate insiders.

Sienna Senior Living Trading Down 0.1%

TSE:SIA opened at C$19.84 on Thursday. The stock's 50 day moving average price is C$21.79 and its 200 day moving average price is C$22.18. The company has a market capitalization of C$2.20 billion, a PE ratio of 37.43 and a beta of 1.04. 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 has a 52-week low of C$17.95 and a 52-week high of C$24.07.

Sienna Senior Living (TSE:SIA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. The company had revenue of C$277.08 million during the quarter. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%. On average, research analysts anticipate that Sienna Senior Living will post 0.4595351 EPS for the current year.

Sienna Senior Living Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were paid a dividend of $0.078 per share. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.7%. Sienna Senior Living's dividend payout ratio is 176.60%.

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.

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