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) shares 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.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. CIBC increased their price target 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. Desjardins increased their price target on shares of Sienna Senior Living from C$18.00 to C$20.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. TD Securities increased their price target 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, May 8th. Finally, Royal Bank Of Canada raised shares of Sienna Senior Living from a "hold" rating to a "moderate buy" rating and increased their price objective for the stock from C$18.00 to C$19.00 in a research note 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$18.79.

Sienna Senior Living Trading Down 3.4%

The stock's 50 day moving average price is C$18.53 and its 200-day moving average price is C$17.21. 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 market capitalization of C$1.52 billion, a PE ratio of 45.33 and a beta of 1.20.

Sienna Senior Living Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.078 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, July 31st. Sienna Senior Living's dividend payout ratio (DPR) is presently 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.

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