Sienna Senior Living (TSE:SIA) Share Price Passes Above 50 Day Moving Average – Should You Sell?

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$16.78 and traded as high as C$17.55. Sienna Senior Living shares last traded at C$16.51, with a volume of 324,825 shares trading hands.

Wall Street Analyst Weigh In

SIA has been the topic of a number of analyst reports. National Bank Financial raised Sienna Senior Living to a “strong-buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada boosted their price target on shares of Sienna Senior Living from C$16.00 to C$17.00 in a report on Thursday, August 29th. Desjardins raised their price objective on shares of Sienna Senior Living from C$16.50 to C$17.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. TD Securities boosted their target price on shares of Sienna Senior Living from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, National Bankshares set a C$17.50 target price on Sienna Senior Living and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Two 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$17.58.

Sienna Senior Living Stock Down 3.3 %

The business has a 50 day simple moving average of C$16.78 and a 200 day simple moving average of C$15.40. The company has a debt-to-equity ratio of 275.10, a current ratio of 0.10 and a quick ratio of 0.23. The stock has a market cap of C$1.36 billion, a PE ratio of 42.33 and a beta of 1.20.

Sienna Senior Living Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a yield of 5.67%. The ex-dividend date is Thursday, October 31st. Sienna Senior Living’s payout ratio is presently 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.