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

Sienna Senior Living Inc. (TSE:SIA) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$21.48 and traded as low as C$20.20. Sienna Senior Living shares last traded at C$20.22, with a volume of 400,011 shares trading hands.

Wall Street Analysts Forecast Growth

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

Sienna Senior Living Price Performance

The business has a fifty day moving average price of C$21.41 and a 200 day moving average price of C$22.05. The company has a debt-to-equity ratio of 148.98, a current ratio of 0.56 and a quick ratio of 0.23. The company has a market capitalization of C$2.26 billion, a price-to-earnings ratio of 38.53 and a beta of 1.04.

Sienna Senior Living (TSE:SIA) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$277.08 million during the quarter. Sienna Senior Living had a net margin of 4.83% and a return on equity of 6.58%. On average, research analysts expect that Sienna Senior Living Inc. will post 0.4595351 earnings per share for the current fiscal year.

Sienna Senior Living Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 14th were issued a $0.0780 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.94 annualized dividend and a dividend yield of 4.6%. Sienna Senior Living’s dividend payout ratio (DPR) is 176.60%.

Insider Activity at Sienna Senior Living

In other news, Director Brian Johnston bought 2,500 shares of the business’s stock in a transaction on Monday, September 14th. The stock was purchased at an average cost of C$19.96 per share, for a total transaction of C$49,900.00. Following the completion of the transaction, the director directly owned 29,037 shares of the company’s stock, valued at approximately C$579,578.52. This trade represents a 9.42% increase in their position. 0.12% of the stock is owned by corporate insiders.

Sienna Senior Living Company Profile

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.