Sienna Senior Living (TSE:SIA) Upgraded by Cibc Captl Mkts to “Strong-Buy” Rating

Cibc Captl Mkts upgraded shares of Sienna Senior Living (TSE:SIA) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on SIA. Scotiabank upped their price objective on Sienna Senior Living from C$20.00 to C$22.50 in a research note on Monday. Desjardins boosted their price target on Sienna Senior Living from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Finally, CIBC raised shares of Sienna Senior Living from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$20.00 to C$23.00 in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$20.58.

Sienna Senior Living Price Performance

Shares of TSE SIA traded down C$0.04 during midday trading on Tuesday, reaching C$20.40. The stock had a trading volume of 31,638 shares, compared to its average volume of 273,225. The company has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 46.36 and a beta of 0.94. Sienna Senior Living has a 12-month low of C$14.59 and a 12-month high of C$20.74. The stock has a 50-day moving average of C$18.89 and a 200-day moving average of C$18.48. The company has a debt-to-equity ratio of 215.47, a quick ratio of 0.23 and a current ratio of 0.43.

Sienna Senior Living (TSE:SIA) last issued its earnings results on Thursday, November 13th. The company reported C$0.30 earnings per share for the quarter. Sienna Senior Living had a net margin of 3.57% and a return on equity of 7.71%. The company had revenue of C$261.70 million during the quarter. As a group, research analysts anticipate that Sienna Senior Living will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 14th were paid a $0.078 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, October 31st. Sienna Senior Living’s dividend payout ratio (DPR) is presently 212.73%.

Sienna Senior Living Company Profile

Sienna Senior Living Inc is one of the largest owners of seniors’ housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement and Other.