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

Shares of Sienna Senior Living Inc. (TSE:SIA - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$17.80 and last traded at C$17.57, with a volume of 465150 shares trading hands. The stock had previously closed at C$17.59.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Securities increased their price target on Sienna Senior Living from C$20.00 to C$21.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. BMO Capital Markets set a C$17.00 target price on Sienna Senior Living and gave the company an "outperform" rating in a report on Thursday, January 30th. Desjardins raised their price target on shares of Sienna Senior Living from C$18.00 to C$20.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, CIBC boosted their price target on shares of Sienna Senior Living from C$18.00 to C$19.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$18.50.

Sienna Senior Living Stock Up 1.9%

The firm has a market cap of C$1.48 billion, a PE ratio of 44.39 and a beta of 1.20. The company has a current ratio of 0.43, a quick ratio of 0.23 and a debt-to-equity ratio of 215.47. The stock has a fifty day simple moving average of C$16.48 and a two-hundred day simple moving average of C$16.18.

Sienna Senior Living Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a $0.078 dividend. This represents a $0.94 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was Wednesday, April 30th. Sienna Senior Living's dividend payout ratio is presently 232.73%.

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.