Sienna Senior Living (TSE:SIA) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Sienna Senior Living Inc. (TSE:SIA) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$22.14 and traded as low as C$20.20. Sienna Senior Living shares last traded at C$20.29, with a volume of 657,519 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank Of Canada raised Sienna Senior Living from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$25.00 to C$26.00 in a research report on Tuesday, August 11th. TD raised their price objective on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. National Bank Financial boosted their price target on Sienna Senior Living from C$27.50 to C$28.50 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, ATB Cormark Capital Markets boosted their price objective on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$26.45.

Sienna Senior Living Stock Down 1.0%

The firm has a market capitalization of C$2.21 billion, a PE ratio of 37.55 and a beta of 1.04. The company has a 50-day moving average price of C$22.05 and a 200 day moving average price of C$22.28. The company has a debt-to-equity ratio of 148.98, a current ratio of 0.56 and a quick ratio of 0.23.

Sienna Senior Living (TSE:SIA) last issued its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%.The firm had revenue of C$277.08 million for the quarter. Analysts forecast that Sienna Senior Living Inc. will post 0.4595351 earnings per share for the current year.

Sienna Senior Living Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 14th were given a dividend of $0.078 per share. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.7%. Sienna Senior Living’s dividend payout ratio is 176.60%.

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.