Sonida Senior Living (NYSE:SNDA) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of Sonida Senior Living (NYSE:SNDA) in a research report released on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $50.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Citigroup initiated coverage on Sonida Senior Living in a research report on Monday. They issued a “market outperform” rating for the company. Robert W. Baird lifted their price target on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada boosted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, Cantor Fitzgerald increased their price objective on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.00.

Sonida Senior Living Price Performance

Shares of Sonida Senior Living stock opened at $40.77 on Monday. The company has a 50 day moving average of $38.14. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -6.99 and a beta of 0.75. Sonida Senior Living has a fifty-two week low of $23.78 and a fifty-two week high of $44.38. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.44 and a quick ratio of 0.44.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings results on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $122.63 million for the quarter. On average, analysts expect that Sonida Senior Living will post -1.72 earnings per share for the current year.

Insider Activity

In other news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares in the company, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 39.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sonida Senior Living

A number of large investors have recently modified their holdings of the company. Capital Advisors Ltd. LLC acquired a new position in shares of Sonida Senior Living during the first quarter valued at about $45,000. Main Street Group LTD bought a new position in shares of Sonida Senior Living in the first quarter valued at approximately $50,000. First Pacific Financial bought a new position in Sonida Senior Living in the 1st quarter valued at $56,000. Darwin Wealth Management LLC purchased a new stake in Sonida Senior Living during the first quarter worth about $63,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Sonida Senior Living during the 1st quarter worth approximately $64,000. 87.55% of the stock is currently owned by institutional investors.

About Sonida Senior Living

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.