Sienna Senior Living (TSE:SIA) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of Sienna Senior Living (TSE:SIA) to a moderate buy rating in a research note published on Monday morning, Zacks.com reports.

A number of other equities analysts have also weighed in on SIA. Royal Bank of Canada boosted their price objective on shares of Sienna Senior Living from C$16.00 to C$17.00 in a research report on Thursday, August 29th. National Bank Financial raised shares of Sienna Senior Living to a “strong-buy” rating in a research note on Monday, July 22nd. TD Securities increased their price target on Sienna Senior Living from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. CIBC lifted their price objective on Sienna Senior Living from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Scotiabank upped their target price on Sienna Senior Living from C$16.50 to C$17.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sienna Senior Living has an average rating of “Moderate Buy” and an average target price of C$17.58.

Sienna Senior Living Price Performance

SIA stock opened at C$17.22 on Monday. 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 stock’s 50 day moving average price is C$16.47 and its 200 day moving average price is C$15.15. The firm has a market cap of C$1.42 billion, a P/E ratio of 44.15 and a beta of 1.20. Sienna Senior Living has a 1 year low of C$9.87 and a 1 year high of C$17.60.

Sienna Senior Living (TSE:SIA) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$210.52 million for the quarter. On average, sell-side analysts expect that Sienna Senior Living will post 0.4595351 earnings per share for the current fiscal year.

Sienna Senior Living Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.078 dividend. This represents a $0.94 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Thursday, October 31st. Sienna Senior Living’s payout ratio is currently 241.03%.

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.