Sienna Senior Living (TSE:SIA) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Sienna Senior Living Inc. (TSE:SIA) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$15.70 and traded as high as C$16.30. Sienna Senior Living shares last traded at C$16.21, with a volume of 216,383 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets set a C$17.00 price objective on Sienna Senior Living and gave the company an “outperform” rating in a research report on Thursday, January 30th. TD Securities set a C$20.00 price objective on shares of Sienna Senior Living and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, CIBC reduced their target price on shares of Sienna Senior Living from C$19.00 to C$18.00 in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sienna Senior Living presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.86.

Sienna Senior Living Trading Up 0.6 %

The stock’s 50 day moving average is C$15.70 and its two-hundred day moving average is C$16.19. The company has a market capitalization of C$1.34 billion, a PE ratio of 40.13 and a beta of 1.20. The company has a quick ratio of 0.23, a current ratio of 0.43 and a debt-to-equity ratio of 215.47.

Sienna Senior Living Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.078 per share. This represents a $0.94 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Friday, February 28th. Sienna Senior Living’s payout ratio is currently 232.73%.

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.