Sonida Senior Living, Inc. (NYSE:SNDA) Receives Average Rating of “Hold” from Analysts

Sonida Senior Living, Inc. (NYSE:SNDA) has received a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $38.75.

SNDA has been the topic of a number of research reports. Weiss Ratings downgraded shares of Sonida Senior Living from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Cantor Fitzgerald upped their target price on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada restated an “outperform” rating and set a $45.00 target price on shares of Sonida Senior Living in a research report on Tuesday, May 12th. Finally, Robert W. Baird upped their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, April 24th.

Sonida Senior Living Trading Down 2.1%

Shares of NYSE SNDA opened at $37.00 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. Sonida Senior Living has a 12-month low of $23.66 and a 12-month high of $39.66. The stock has a market cap of $1.75 billion, a P/E ratio of -6.35 and a beta of 0.82.

Sonida Senior Living (NYSE:SNDA) last released its earnings results on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The business had revenue of $122.63 million for the quarter. Research analysts expect that Sonida Senior Living will post -2.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Irenic Capital Management LP increased its stake in shares of Sonida Senior Living by 1,049.3% in the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock valued at $39,337,000 after acquiring an additional 1,113,622 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Sonida Senior Living in the 1st quarter valued at about $64,000. EverSource Wealth Advisors LLC bought a new stake in shares of Sonida Senior Living in the 1st quarter valued at about $66,000. Royal Bank of Canada increased its stake in shares of Sonida Senior Living by 3,450.0% in the 1st quarter. Royal Bank of Canada now owns 27,051 shares of the company’s stock valued at $873,000 after acquiring an additional 26,289 shares during the last quarter. Finally, Rush Island Management LP bought a new stake in shares of Sonida Senior Living in the 1st quarter valued at about $7,036,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sonida Senior Living Company Profile

Sonida Senior Living (NYSE: SNDA) is a publicly traded company that owns and operates senior living communities in the United States. The company’s core business centers on providing housing and care services for older adults, with an emphasis on assisted living, memory care and related supportive services tailored to residents’ needs.

Sonida’s communities combine residential accommodations with on-site services such as personal care assistance, medication management, dining programs, social and recreational activities, and clinical oversight.