Sienna Senior Living Inc. (TSE:SIA) Stock Has Average Target Price of C$26.27 According to Brokerages

Key Points

• Analysts remain bullish: Twelve brokerages give Sienna Senior Living an average “Buy” rating, with a consensus 12-month price target of C$26.27.
• Recent target changes were generally positive, including National Bank’s increase to C$28.50 and TD’s increase to C$28.00, although Raymond James lowered its target to C$24.25 while upgrading the stock to “strong buy.”
• Sienna declared a monthly dividend of C$0.078, equivalent to approximately C$0.94 annually and a 4.9% yield; however, its dividend payout ratio is high at 176.6%.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report) has received an average rating of "Buy" from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$26.27.

A number of brokerages have commented on SIA. TD raised their price objective on Sienna Senior Living from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. ATB Cormark Capital Markets boosted their price objective on Sienna Senior Living from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Raymond James Financial upgraded Sienna Senior Living from a "moderate buy" rating to a "strong-buy" rating and cut their target price for the company from C$25.75 to C$24.25 in a research note on Friday, October 2nd. National Bank Financial raised their target price on 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, Royal Bank Of Canada raised Sienna Senior Living from a "hold" rating to a "moderate buy" rating and raised their target price for the stock from C$25.00 to C$26.00 in a research report on Tuesday, August 11th.

Insider Activity

In other Sienna Senior Living news, Director Brian Johnston acquired 2,500 shares of Sienna Senior Living stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of C$19.96 per share, with a total value of C$49,900.00. Following the acquisition, the director owned 29,037 shares of the company's stock, valued at approximately C$579,578.52. The trade was a 9.42% increase in their ownership of the stock. Corporate insiders own 0.12% of the company's stock.

Sienna Senior Living Price Performance

Shares of SIA opened at C$19.29 on Monday. The company has a debt-to-equity ratio of 148.98, a quick ratio of 0.23 and a current ratio of 0.56. The company has a 50-day simple moving average of C$20.78 and a 200-day simple moving average of C$21.83. Sienna Senior Living has a 52 week low of C$18.19 and a 52 week high of C$24.07. The firm has a market capitalization of C$2.14 billion, a P/E ratio of 36.40 and a beta of 1.00.

Sienna Senior Living (TSE:SIA - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%. The business had revenue of C$277.08 million for the quarter. On average, equities research analysts expect that Sienna Senior Living will post 0.46 earnings per share for the current year.

Sienna Senior Living Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were paid a $0.0780 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.9%. Sienna Senior Living's dividend payout ratio is currently 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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