Sienna Senior Living (TSE:SIA) Stock Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Sienna Senior Living shares fell below their 50-day moving average, trading as low as C$19.33 and last changing hands at C$19.54, compared with a 50-day average of C$20.46.
• Analysts remain broadly positive, with an average rating of “Buy” and an average price target of C$26.27; several firms recently raised targets or upgraded the stock.
• The company announced a monthly dividend of C$0.0780, equivalent to an annualized C$0.94 and a 4.8% yield, although its dividend payout ratio is high at 176.60%.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$20.46 and traded as low as C$19.33. Sienna Senior Living shares last traded at C$19.54, with a volume of 362,047 shares changing hands.

Analyst Upgrades and Downgrades

SIA has been the topic of a number of research reports. National Bank Financial boosted their price target on Sienna Senior Living from C$27.50 to C$28.50 and gave the company an "outperform" rating in a report on Thursday, August 6th. TD increased their price objective on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Raymond James Financial upgraded Sienna Senior Living from a "moderate buy" rating to a "strong-buy" rating and decreased their price target for the company from C$25.75 to C$24.25 in a research note on Friday, October 2nd. Royal Bank Of Canada upgraded shares of Sienna Senior Living from a "hold" rating to a "moderate buy" rating and increased their price target for the company from C$25.00 to C$26.00 in a research note on Tuesday, August 11th. Finally, ATB Cormark Capital Markets boosted their price target 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. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$26.27.

Sienna Senior Living Stock Performance

The company has a current ratio of 0.56, a quick ratio of 0.23 and a debt-to-equity ratio of 148.98. The stock's 50-day simple moving average is C$20.46 and its 200-day simple moving average is C$21.73. The stock has a market cap of C$2.17 billion, a price-to-earnings ratio of 36.87 and a beta of 1.00.

Sienna Senior Living (TSE:SIA - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. The firm had revenue of C$277.08 million for the quarter. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%. Analysts forecast that Sienna Senior Living Inc. will post 0.46 earnings per share for the current fiscal year.

Sienna Senior Living Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 13th will be given a $0.0780 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.94 annualized dividend and a yield of 4.8%. Sienna Senior Living's dividend payout ratio (DPR) is currently 176.60%.

Insider Activity

In other Sienna Senior Living news, Director Brian Johnston acquired 2,500 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of C$19.96 per share, for a total transaction of C$49,900.00. Following 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 ownership of the stock. 0.12% of the stock is owned by corporate insiders.

About Sienna Senior Living

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.