Sienna Senior Living (TSE:SIA) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

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 share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

Analyst Ratings Changes

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

Sienna Senior Living Stock Up 0.3%

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 firm has a market capitalization of C$1.69 billion, a P/E ratio of 46.79 and a beta of 1.00. The company's fifty day simple moving average is C$18.17 and its 200 day simple moving average is C$17.65.

Sienna Senior Living Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were given a $0.078 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. Sienna Senior Living's dividend payout ratio is currently 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.