Sienna Senior Living (TSE:SIA) Sets New 12-Month High - Here's What Happened

Key Points

• Shares of Sienna Senior Living hit a new 52-week high, trading as high as C$24.07 (last C$23.91) on volume of 57,106 shares.
• Multiple brokerages raised targets and ratings, leaving a consensus "Buy" with a consensus price target of C$25.72.
• The company declared a monthly dividend of $0.078 per share (ex-dividend April 30, payable May 15), implying a 3.9% yield but a very high dividend payout ratio of 191%, which could be unsustainable.

Shares of Sienna Senior Living Inc. (TSE:SIA - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$24.07 and last traded at C$23.91, with a volume of 57106 shares trading hands. The stock had previously closed at C$23.69.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SIA. Scotiabank raised their target price on shares of Sienna Senior Living from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. National Bank Financial raised their target price on shares of Sienna Senior Living from C$24.50 to C$27.50 and gave the company an "outperform" rating in a research note on Monday, April 20th. Canaccord Genuity Group raised their target price on shares of Sienna Senior Living from C$24.50 to C$26.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. ATB Cormark Capital Markets raised their target price on shares of Sienna Senior Living from C$23.00 to C$25.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada raised their target price on shares of Sienna Senior Living from C$22.00 to C$25.00 and gave the company a "sector perform" rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$25.72.

Sienna Senior Living Price Performance

The stock has a market capitalization of C$2.52 billion, a PE ratio of 48.43 and a beta of 0.92. The firm's 50 day simple moving average is C$22.81 and its 200 day simple moving average is C$21.43. The company has a debt-to-equity ratio of 198.59, a current ratio of 0.51 and a quick ratio of 0.23.

Sienna Senior Living (TSE:SIA - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$278.45 million for the quarter. Sienna Senior Living had a net margin of 4.43% and a return on equity of 6.93%. As a group, equities analysts forecast that Sienna Senior Living Inc. will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.078 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 3.9%. Sienna Senior Living's dividend payout ratio (DPR) is 191.02%.

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.

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