Sienna Senior Living (TSE:SIA) Shares Pass Below Fifty Day Moving Average of $14.17

Sienna Senior Living Inc. (TSE:SIA)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$14.17 and traded as low as C$14.10. Sienna Senior Living shares last traded at C$14.20, with a volume of 157,875 shares trading hands.

Wall Street Analysts Forecast Growth

SIA has been the topic of several research analyst reports. CIBC increased their target price on shares of Sienna Senior Living from C$14.00 to C$16.00 and gave the stock a “negative” rating in a research note on Monday, May 13th. Desjardins increased their price target on Sienna Senior Living from C$15.50 to C$16.50 and gave the stock a “buy” rating in a report on Monday, May 13th. Scotiabank raised Sienna Senior Living from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$14.50 to C$16.50 in a research note on Friday, May 10th. TD Securities increased their target price on Sienna Senior Living from C$15.00 to C$17.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, Royal Bank of Canada boosted their price target on shares of Sienna Senior Living from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sienna Senior Living currently has an average rating of “Moderate Buy” and an average price target of C$15.57.

Sienna Senior Living Stock Down 1.5 %

The stock’s fifty day simple moving average is C$14.17 and its 200-day simple moving average is C$13.00. The stock has a market capitalization of C$1.04 billion, a PE ratio of 38.38 and a beta of 1.15. The company has a current ratio of 0.11, a quick ratio of 0.23 and a debt-to-equity ratio of 267.80.

Sienna Senior Living (TSE:SIA) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.27 earnings per share (EPS) for the quarter. Sienna Senior Living had a net margin of 3.29% and a return on equity of 6.83%. The business had revenue of C$230.95 million during the quarter. As a group, sell-side analysts forecast that Sienna Senior Living Inc. will post 0.329883 EPS for the current fiscal year.

Sienna Senior Living Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.078 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.94 dividend on an annualized basis and a yield of 6.59%. Sienna Senior Living’s dividend payout ratio (DPR) is presently 254.05%.

About Sienna Senior Living

Sienna Senior Living Inc provides senior living and long-term care (LTC) services in Canada. The company operates through Retirement and LTC segments. It offers independent supportive and assisted living, memory care, and long-term care services; and management services to senior living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc in May 2015.