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

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 stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Securities upped their target price on shares of Sienna Senior Living from C$20.00 to C$21.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Desjardins upped their target price on shares of Sienna Senior Living from C$20.00 to C$21.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. CIBC upped their target price on shares of Sienna Senior Living from C$18.00 to C$19.00 and gave the company a "neutral" rating in a research note 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 upped their target price for the company 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$18.93.

Sienna Senior Living Price Performance

The company's 50-day moving average price is C$18.43 and its 200-day moving average price is C$17.37. The company has a debt-to-equity ratio of 215.47, a current ratio of 0.43 and a quick ratio of 0.23. The company has a market cap of C$1.47 billion, a P/E ratio of 44.00 and a beta of 1.20.

Sienna Senior Living Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.078 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 5.3%. Sienna Senior Living's dividend 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.