Sienna Senior Living (TSE:SIA) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• Sienna Senior Living Inc. stock recently traded above its fifty-day moving average of C$18.17, reaching a high of C$18.28, indicating positive short-term momentum.
• Analysts from Desjardins upgraded their target price for Sienna shares from C$20.00 to C$21.00, with a consensus rating of "Moderate Buy" and an average target price of C$19.17.
• The company declared a monthly dividend of $0.078 per share, translating to an annualized yield of 5.1%, despite a high payout ratio of 240.00%.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$18.17 and traded as high as C$18.28. Sienna Senior Living shares last traded at C$18.20, with a volume of 1,411,430 shares traded.

Analysts Set New Price Targets

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

Sienna Senior Living Stock Performance

The stock's fifty day moving average price is C$18.16 and its two-hundred day moving average price is C$17.67. The company has a debt-to-equity ratio of 215.47, a quick ratio of 0.23 and a current ratio of 0.43. The company has a market cap of C$1.68 billion, a P/E ratio of 46.77 and a beta of 1.00.

Sienna Senior Living Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, September 15th. Stockholders 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 dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, August 29th. Sienna Senior Living's dividend payout ratio is 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.