Sienna Senior Living (TSE:SIA) Shares Cross Below 50 Day Moving Average – Should You Sell?

Sienna Senior Living Inc. (TSE:SIA)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$22.39 and traded as low as C$20.74. Sienna Senior Living shares last traded at C$21.01, with a volume of 371,283 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have commented on SIA shares. Scotia upped their price objective on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce upped their price target on shares of Sienna Senior Living from C$23.00 to C$26.00 in a research note on Monday, February 23rd. Scotiabank upped their price target on shares of Sienna Senior Living from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. TD upped their price target on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, TD Securities upped their price target on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$26.09.

Sienna Senior Living Price Performance

The company has a quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 165.07. The company’s 50 day moving average is C$22.39 and its 200 day moving average is C$21.89. The firm has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 43.77 and a beta of 0.95.

Sienna Senior Living (TSE:SIA) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$0.17 EPS for the quarter. Sienna Senior Living had a net margin of 4.34% and a return on equity of 6.44%. The business had revenue of C$275.41 million for the quarter. On average, equities research analysts anticipate that Sienna Senior Living Inc. will post 0.4595351 earnings per share for the current fiscal year.

Sienna Senior Living Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a $0.078 dividend. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 4.5%. Sienna Senior Living’s dividend payout ratio is 195.00%.

About Sienna Senior Living

Sienna Senior Living Inc (TSX:SIA) offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna’s approximately 15,000 employees are passionate about cultivating happiness in daily life.