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

Sonida Senior Living, Inc. (NYSE:SNDA) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $40.50.

A number of research firms recently commented on SNDA. Weiss Ratings lowered shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. Cantor Fitzgerald raised their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Robert W. Baird raised their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Morgan Stanley raised their price objective on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Finally, Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th.

Sonida Senior Living Stock Performance

Sonida Senior Living stock opened at $35.08 on Friday. The business has a 50 day moving average price of $35.44. Sonida Senior Living has a 52 week low of $23.66 and a 52 week high of $39.66. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -6.02 and a beta of 0.78.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The firm had revenue of $122.63 million during the quarter. Equities analysts forecast that Sonida Senior Living will post -1.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sonida Senior Living

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Militia Capital Management LLC acquired a new stake in shares of Sonida Senior Living during the 1st quarter valued at $576,000. NewEdge Advisors LLC acquired a new stake in shares of Sonida Senior Living during the 1st quarter valued at $402,000. Western Wealth Management LLC acquired a new stake in shares of Sonida Senior Living during the 1st quarter valued at $66,000. Bank of America Corp DE boosted its stake in shares of Sonida Senior Living by 76.8% during the 1st quarter. Bank of America Corp DE now owns 9,817 shares of the company’s stock valued at $317,000 after buying an additional 4,264 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of Sonida Senior Living during the 1st quarter valued at $138,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

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.