Sienna Senior Living (TSE:SIA) Price Target Increased to C$17.50 by Analysts at Scotiabank

Sienna Senior Living (TSE:SIA) had its target price raised by Scotiabank from C$16.50 to C$17.50 in a report issued on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently commented on SIA. CIBC upped their price target on shares of Sienna Senior Living from C$14.00 to C$16.00 and gave the stock a negative rating in a report on Monday, May 13th. National Bank Financial raised shares of Sienna Senior Living to a strong-buy rating in a research report on Monday, July 22nd. Royal Bank of Canada lifted their price target on shares of Sienna Senior Living from C$14.00 to C$16.00 and gave the company a sector perform rating in a research note on Friday, May 17th. National Bankshares set a C$17.00 price objective on Sienna Senior Living and gave the stock an outperform rating in a research note on Tuesday, July 23rd. Finally, Desjardins lifted their target price on Sienna Senior Living from C$16.50 to C$17.50 and gave the company a buy rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$17.17.

Sienna Senior Living Price Performance

SIA opened at C$15.22 on Monday. The business has a fifty day moving average of C$14.83 and a 200 day moving average of C$13.85. The stock has a market cap of C$1.11 billion, a P/E ratio of 38.72 and a beta of 1.15. The company has a quick ratio of 0.23, a current ratio of 0.10 and a debt-to-equity ratio of 275.10. Sienna Senior Living has a 52-week low of C$9.87 and a 52-week high of C$15.91.

Sienna Senior Living Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend was Wednesday, July 31st. Sienna Senior Living’s payout ratio is 241.03%.

Sienna Senior Living Company Profile

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.