Sienna Senior Living (TSE:SIA) Share Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Sienna Senior Living shares rose above their 50-day moving average, trading as high as C$23.03 and last changing hands at C$22.94 on volume of 157,304 shares.
• Analysts remain bullish after multiple firms raised price targets, with the consensus rating at Buy and an average target price of C$26.09.
• The company recently reported quarterly EPS of C$0.17 on revenue of C$275.41 million and announced a monthly dividend of C$0.078 per share, implying a 4.1% annualized yield.

Shares of Sienna Senior Living Inc. (TSE:SIA - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$22.12 and traded as high as C$23.03. Sienna Senior Living shares last traded at C$22.94, with a volume of 157,304 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Scotia raised their price target on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 7th. ATB Cormark Capital Markets boosted their price objective on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research report on Thursday, May 7th. National Bank Financial upped their price objective 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$26.00 to C$27.50 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Finally, TD raised their target price on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$26.09.

Sienna Senior Living Price Performance

The company has a 50-day moving average of C$22.12 and a two-hundred day moving average of C$22.32. The stock has a market capitalization of C$2.43 billion, a PE ratio of 47.79 and a beta of 1.06. The company has a debt-to-equity ratio of 165.07, a current ratio of 0.60 and a quick ratio of 0.23.

Sienna Senior Living (TSE:SIA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. Sienna Senior Living had a return on equity of 6.44% and a net margin of 4.34%.The firm had revenue of C$275.41 million for the quarter. Sell-side analysts predict that Sienna Senior Living Inc. will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 14th will be issued a $0.078 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, July 31st. Sienna Senior Living's payout ratio is presently 195.00%.

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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