Sienna Senior Living (TSE:SIA) Hits New 12-Month High After Dividend Announcement

Sienna Senior Living Inc. (TSE:SIA)’s share price reached a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as C$17.12 and last traded at C$17.00, with a volume of 43453 shares trading hands. The stock had previously closed at C$17.08.

The newly announced dividend which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.078 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.94 annualized dividend and a yield of 5.57%. Sienna Senior Living’s dividend payout ratio (DPR) is 241.03%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Scotiabank boosted their target price on shares of Sienna Senior Living from C$16.50 to C$17.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their price target on shares of Sienna Senior Living from C$16.00 to C$17.00 in a research report on Thursday, August 29th. Desjardins boosted their target price on shares of Sienna Senior Living from C$16.50 to C$17.50 and gave the company a “buy” rating in a report on Monday, August 12th. National Bank Financial upgraded shares of Sienna Senior Living to a “strong-buy” rating in a report on Monday, July 22nd. Finally, TD Securities upped their target price on shares of Sienna Senior Living from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sienna Senior Living has a consensus rating of “Moderate Buy” and an average target price of C$17.42.

Sienna Senior Living Price Performance

The stock’s fifty day moving average price is C$15.51 and its 200-day moving average price is C$14.43. The company has a debt-to-equity ratio of 275.10, a quick ratio of 0.23 and a current ratio of 0.10. The firm has a market cap of C$1.39 billion, a PE ratio of 43.10 and a beta of 1.19.

Sienna Senior Living (TSE:SIA) last posted its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.23). Sienna Senior Living had a net margin of 3.40% and a return on equity of 7.45%. The business had revenue of C$210.52 million for the quarter. As a group, equities analysts forecast that Sienna Senior Living Inc. will post 0.4595104 EPS for the current fiscal year.

Sienna Senior Living Company Profile

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.