Sienna Senior Living (TSE:SIA) Raised to Moderate Buy at Cormark

Cormark upgraded shares of Sienna Senior Living (TSE:SIA - Free Report) to a moderate buy rating in a report issued on Monday morning, Zacks.com reports.

Several other research firms have also weighed in on SIA. CIBC increased their price objective on shares of Sienna Senior Living from C$16.00 to C$17.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Desjardins raised their price target on Sienna Senior Living from C$16.50 to C$17.50 and gave the stock a "buy" rating in a report on Monday, August 12th. Scotiabank boosted their price objective on Sienna Senior Living from C$16.50 to C$17.50 and gave the stock an "outperform" rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their target price on Sienna Senior Living from C$16.00 to C$17.00 in a research note on Thursday, August 29th. Finally, National Bankshares set a C$17.50 price target on Sienna Senior Living and gave the stock an "outperform" rating in a research note on Thursday, August 29th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sienna Senior Living currently has a consensus rating of "Moderate Buy" and an average target price of C$17.58.

Sienna Senior Living Stock Down 1.3 %

TSE:SIA traded down C$0.23 during mid-day trading on Monday, reaching C$17.26. The stock had a trading volume of 112,249 shares, compared to its average volume of 245,147. The stock's 50 day simple moving average is C$16.39 and its two-hundred day simple moving average is C$15.09. Sienna Senior Living has a 1-year low of C$9.87 and a 1-year high of C$17.60. The company has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 44.26 and a beta of 1.20. The company has a debt-to-equity ratio of 275.10, a current ratio of 0.10 and a quick ratio of 0.23.

Sienna Senior Living (TSE:SIA - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.23). Sienna Senior Living had a net margin of 3.40% and a return on equity of 7.45%. The business had revenue of C$210.52 million for the quarter. Equities analysts anticipate that Sienna Senior Living will post 0.4595351 EPS for the current year.

Sienna Senior Living Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.078 dividend. This represents a $0.94 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Thursday, October 31st. Sienna Senior Living's payout ratio is 241.03%.

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.