CIBC Increases Sienna Senior Living (TSE:SIA) Price Target to C$17.00

Sienna Senior Living (TSE:SIA) had its price objective upped by CIBC from C$16.00 to C$17.00 in a research note released on Monday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also commented on SIA. Desjardins upped their price target on shares of Sienna Senior Living from C$16.50 to C$17.50 and gave the company a buy rating in a research note on Monday. Scotiabank upped their target price on Sienna Senior Living from C$16.50 to C$17.50 and gave the company an outperform rating in a research report on Monday. TD Securities lifted their price target on Sienna Senior Living from C$17.00 to C$18.00 and gave the stock a buy rating in a report on Monday. National Bankshares set a C$17.00 price objective on Sienna Senior Living and gave the company an outperform rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada lifted their target price on Sienna Senior Living from C$14.00 to C$16.00 and gave the stock a sector perform rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$17.17.

Sienna Senior Living Price Performance

TSE:SIA opened at C$15.22 on Monday. The company has a market cap of C$1.11 billion, a P/E ratio of 38.72 and a beta of 1.15. The firm’s fifty day moving average price is C$14.83 and its two-hundred day moving average price is C$13.85. Sienna Senior Living has a one year low of C$9.87 and a one year high of C$15.91. 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 Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.078 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.15%. 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.