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

Sienna Senior Living Inc. (TSE:SIA)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

SIA has been the subject of several recent research reports. CIBC reduced their target price on shares of Sienna Senior Living from C$19.00 to C$18.00 in a report on Friday, February 28th. BMO Capital Markets set a C$17.00 price target on shares of Sienna Senior Living and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, TD Securities set a C$20.00 target price on Sienna Senior Living and gave the company a “buy” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$17.86.

Sienna Senior Living Stock Performance

The company has a debt-to-equity ratio of 215.47, a quick ratio of 0.23 and a current ratio of 0.43. The firm’s 50-day moving average price is C$15.75 and its two-hundred day moving average price is C$16.19. The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of 40.03 and a beta of 1.20.

Sienna Senior Living Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a dividend yield of 5.79%. The ex-dividend date was Friday, February 28th. Sienna Senior Living’s payout ratio is presently 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.