Sienna Senior Living (TSE:SIA) Announces Earnings Results

Sienna Senior Living (TSE:SIA) issued its earnings results on Tuesday. The company reported C$0.11 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$277.08 million during the quarter. Sienna Senior Living had a return on equity of 6.44% and a net margin of 4.34%.

Sienna Senior Living Trading Down 1.2%

Shares of TSE:SIA opened at C$22.02 on Wednesday. The business’s 50-day moving average is C$22.24 and its 200 day moving average is C$22.44. Sienna Senior Living has a 1 year low of C$17.35 and a 1 year high of C$24.07. The firm has a market capitalization of C$2.34 billion, a P/E ratio of 45.88 and a beta of 1.06. The company has a debt-to-equity ratio of 165.07, a current ratio of 0.60 and a quick ratio of 0.23.

Sienna Senior Living Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 14th will be paid a dividend of $0.078 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, July 31st. Sienna Senior Living’s payout ratio is 195.00%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SIA. Canaccord Genuity Group lifted their price objective on shares of Sienna Senior Living from C$26.00 to C$27.50 and gave the company a “buy” rating in a report on Thursday, May 7th. TD increased their target price on Sienna Senior Living from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. National Bank Financial upped their price objective on Sienna Senior Living from C$24.50 to C$27.50 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Scotia raised their price objective on Sienna Senior Living from C$25.00 to C$26.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 7th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$26.09.

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.