Sonida Senior Living, Inc. (NYSE:SNDA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sonida Senior Living, Inc. (NYSE:SNDA) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $49.50.

Several research firms have weighed in on SNDA. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada increased their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Citizens Jmp assumed coverage on Sonida Senior Living in a research note on Monday, July 27th. They issued an “outperform” rating and a $50.00 price objective on the stock. Compass Point assumed coverage on Sonida Senior Living in a research note on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Citigroup began coverage on Sonida Senior Living in a report on Monday, July 27th. They issued a “market outperform” rating for the company.

Insiders Place Their Bets

In other news, Director Benjamin Harris sold 6,269 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the completion of the sale, the director directly owned 10,037 shares in the company, valued at approximately $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Simanovsky sold 97,581 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the sale, the director directly owned 100,373 shares of the company’s stock, valued at approximately $3,856,330.66. This represents a 49.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 275,343 shares of company stock valued at $10,895,485 over the last 90 days. 39.30% of the stock is owned by corporate insiders.

Institutional Trading of Sonida Senior Living

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNDA. Conversant Capital LLC lifted 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 during the period. BlackRock Inc. bought a new position in Sonida Senior Living during the second quarter valued at about $90,515,000. Irenic Capital Management LP raised its holdings in Sonida Senior Living by 56.1% in the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock valued at $77,668,000 after acquiring an additional 683,874 shares in the last quarter. J. Goldman & Co LP bought a new stake in shares of Sonida Senior Living in the 2nd quarter worth approximately $16,321,000. Finally, Adelante Capital Management LLC lifted its position in shares of Sonida Senior Living by 75.5% in the 2nd quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock worth $15,637,000 after acquiring an additional 234,109 shares during the period. Institutional investors and hedge funds own 87.55% of the company’s stock.

Sonida Senior Living Stock Up 0.5%

SNDA stock opened at $37.72 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $1.81 billion, a P/E ratio of -6.09 and a beta of 0.74. 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 $39.47.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings results 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 business had revenue of $207.65 million for the quarter. During the same quarter in the prior year, the company earned ($0.16) EPS. On average, research analysts expect that Sonida Senior Living will post -3.21 EPS for the current fiscal year.

Sonida Senior Living Company Profile

Sonida Senior Living, formerly known as Capital Senior Living, is a Dallas-based operator of senior living communities in the United States. The company provides residential care and support services for older adults through communities offering independent living, assisted living and memory care.

Its services generally include housing, dining, housekeeping, transportation, wellness programs and social activities. Assisted living offerings also provide help with daily activities and personal care, while memory care programs are designed to support residents living with Alzheimer’s disease and other forms of dementia.

Sonida serves residents across multiple U.S.