Sienna Senior Living (TSE:SIA) Hits New 1-Year High - Here's Why

Key Points

• Sienna Senior Living Inc. shares reached a new 52-week high of C$19.39 during trading, marking an increase from the previous close of C$18.98.
• Analyst upgrades from Desjardins have lifted the price target for Sienna from C$20.00 to C$21.00, with a consensus rating classified as a "Moderate Buy."
• The company announced a monthly dividend of $0.078 per share, representing an annualized yield of 4.8%, with the ex-dividend date set for October 31st.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$19.39 and last traded at C$19.39, with a volume of 255202 shares changing hands. The stock had previously closed at C$18.98.

Analyst Upgrades and Downgrades

Separately, Desjardins upped their price objective on Sienna Senior Living from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Sienna Senior Living has a consensus rating of "Moderate Buy" and an average target price of C$19.17.

Sienna Senior Living Trading Up 2.3%

The company has a debt-to-equity ratio of 215.47, a quick ratio of 0.23 and a current ratio of 0.43. The business has a fifty day simple moving average of C$18.29 and a 200 day simple moving average of C$18.02. The stock has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 49.77 and a beta of 0.90.

Sienna Senior Living Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 14th will be given a dividend of $0.078 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, October 31st. Sienna Senior Living's dividend payout ratio is presently 240.00%.

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.

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