Sonida Senior Living, Inc. (NYSE:SNDA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $47.50.

Several research firms recently commented on SNDA. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Compass Point started coverage on Sonida Senior Living in a research report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price target on the stock. Citizens Jmp initiated coverage on Sonida Senior Living in a research note on Monday, July 27th. They set an “outperform” rating and a $50.00 price objective for the company. Citigroup assumed coverage on Sonida Senior Living in a report on Monday, July 27th. They set a “market outperform” rating for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th.

Sonida Senior Living Stock Down 3.0%

NYSE:SNDA opened at $39.75 on Thursday. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -6.42 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. Sonida Senior Living has a 12-month low of $24.94 and a 12-month high of $44.38. The business has a 50-day simple moving average of $39.98.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The company had revenue of $207.65 million for the quarter. During the same quarter last year, the firm earned ($0.16) earnings per share. On average, research analysts expect that Sonida Senior Living will post -1.72 EPS for the current year.

Insider Transactions at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin P. Harris sold 6,269 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the transaction, the director directly owned 10,037 shares in the company, valued at $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sonida Senior Living

A number of institutional investors and hedge funds have recently bought and sold shares of SNDA. Conversant Capital LLC increased its stake in shares of Sonida Senior Living by 57.7% in the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after buying an additional 5,341,221 shares in the last quarter. BlackRock Inc. bought a new position in shares of Sonida Senior Living in the second quarter valued at about $90,515,000. Irenic Capital Management LP lifted its position in Sonida Senior Living by 56.1% during the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock worth $77,668,000 after buying an additional 683,874 shares in the last quarter. Adelante Capital Management LLC lifted its position in Sonida Senior Living by 75.5% during the 2nd quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock worth $15,637,000 after buying an additional 234,109 shares in the last quarter. Finally, J. Goldman & Co LP bought a new stake in Sonida Senior Living during the 2nd quarter worth about $16,321,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

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.