Sienna Senior Living (TSE:SIA) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Sienna Senior Living's share price recently crossed above its fifty-day moving average, trading at C$18.29 with a high of C$18.32.
• Analysts have upgraded the stock, with the Royal Bank of Canada increasing its target price from C$18.00 to C$19.00, and Desjardins raising it from C$20.00 to C$21.00, reflecting a consensus rating of "Moderate Buy."
• The company announced a monthly dividend of $0.078 with a yield of 5.1%, alongside a high dividend payout ratio of 240.00%.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$18.30 and traded as high as C$18.32. Sienna Senior Living shares last traded at C$18.29, with a volume of 239,274 shares.

Wall Street Analyst Weigh In

SIA has been the subject of a number of analyst reports. Royal Bank Of Canada raised Sienna Senior Living from a "hold" rating to a "moderate buy" rating and lifted their price objective for the stock from C$18.00 to C$19.00 in a research note on Thursday, May 22nd. Desjardins boosted their target price 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, August 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Sienna Senior Living presently has an average rating of "Moderate Buy" and an average target price of C$19.17.

Sienna Senior Living Stock Performance

The company has a market cap of C$1.68 billion, a P/E ratio of 46.74 and a beta of 1.00. The company has a quick ratio of 0.23, a current ratio of 0.43 and a debt-to-equity ratio of 215.47. The stock has a 50 day moving average price of C$18.24 and a two-hundred day moving average price of C$17.58.

Sienna Senior Living Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be issued a dividend of $0.078 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 5.1%. Sienna Senior Living's dividend payout ratio (DPR) is 240.00%.

Sienna Senior Living Company Profile

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.