Sienna Senior Living (TSE:SIA) Stock Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Sienna Senior Living shares fell below their 50-day moving average of C$18.53, trading at C$18.17 during the day, with 713,679 shares exchanged.
• Several analysts have raised Sienna Senior Living's price targets, with a range between C$19.00 and C$21.00 and an overall "Moderate Buy" rating.
• The company announced a monthly dividend of $0.078 per share, yielding 5.1%, with a remarkably high dividend payout ratio of 232.73%.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report)'s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$18.53 and traded as low as C$18.17. Sienna Senior Living shares last traded at C$18.31, with a volume of 713,679 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SIA. TD Securities increased their price objective on Sienna Senior Living from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Desjardins lifted 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 report on Thursday. CIBC upped their price objective 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. Finally, Royal Bank Of Canada upgraded shares of Sienna Senior Living from a "hold" rating to a "moderate buy" rating and lifted their target price for the company from C$18.00 to C$19.00 in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$18.93.

Sienna Senior Living Stock Down 0.9%

The company has a market cap of C$1.51 billion, a P/E ratio of 45.13 and a beta of 1.20. 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 stock has a 50-day moving average of C$18.53 and a two-hundred day moving average of C$17.28.

Sienna Senior Living Dividend Announcement

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