Sienna Senior Living (TSE:SIA) Hits New 12-Month High - What's Next?

Key Points

• Sienna Senior Living's share price reached a new 12-month high, trading at C$19.12, an increase from the previous close of C$18.97.
• Desjardins raised their price target for the stock from C$20.00 to C$21.00, maintaining a "buy" rating, as the consensus rating remains "Moderate Buy" with a target price of C$19.17.
• The company announced a monthly dividend of $0.078 per share, offering an annualized yield of 4.9%, despite a high payout ratio of 240.00%.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$19.13 and last traded at C$19.12, with a volume of 70302 shares. The stock had previously closed at C$18.97.

Analyst Upgrades and Downgrades

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

Sienna Senior Living Stock Up 1.5%

The firm's 50 day moving average is C$18.16 and its two-hundred day moving average is C$17.78. The firm has a market cap of C$1.78 billion, a P/E ratio of 49.38 and a beta of 1.00. The company has a current ratio of 0.43, a quick ratio of 0.23 and a debt-to-equity ratio of 215.47.

Sienna Senior Living Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were issued a dividend of $0.078 per share. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Friday, August 29th. Sienna Senior Living's 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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