Sienna Senior Living (TSE:SIA) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Sienna Senior Living's stock price has recently fallen below its fifty-day moving average of C$18.49, trading as low as C$17.90.
• Multiple analysts have increased their price targets for Sienna Senior Living, with TD Securities and Desjardins setting theirs at C$21.00 and maintaining a "buy" rating.
• The company announced a monthly dividend of $0.078, representing a 5.2% yield, but the dividend payout ratio is notably high at 232.73%.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report)'s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$18.49 and traded as low as C$17.90. Sienna Senior Living shares last traded at C$17.97, with a volume of 256,684 shares changing hands.

Analysts Set New Price Targets

SIA has been the subject of several research analyst reports. TD Securities upped their price target on Sienna Senior Living from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Desjardins upped their price target on Sienna Senior Living from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. CIBC upped their price target on Sienna Senior Living from C$18.00 to C$19.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada upgraded Sienna Senior Living from a "hold" rating to a "moderate buy" rating and upped their price target for the stock from C$18.00 to C$19.00 in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$18.93.

Sienna Senior Living Trading Down 0.2%

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 firm has a market cap of C$1.49 billion, a price-to-earnings ratio of 44.49 and a beta of 1.20. The business has a 50 day moving average price of C$18.49 and a 200-day moving average price of C$17.32.

Sienna Senior Living Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a $0.078 dividend. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Sienna Senior Living's dividend payout ratio (DPR) is 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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