Sonida Senior Living (NYSE:SNDA) Given New $38.00 Price Target at Morgan Stanley

Sonida Senior Living (NYSE:SNDA) had its target price raised by Morgan Stanley from $31.00 to $38.00 in a research report sent to investors on Friday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms have also issued reports on SNDA. Cantor Fitzgerald raised their price target on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Sonida Senior Living from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Robert W. Baird lifted 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. Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 target price on shares of Sonida Senior Living in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.50.

Sonida Senior Living Price Performance

Shares of SNDA opened at $35.40 on Friday. The company has a market cap of $1.68 billion, a P/E ratio of -6.07 and a beta of 0.82. Sonida Senior Living has a one year low of $23.66 and a one year 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 stock has a fifty day moving average price of $35.45.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC acquired a new position in shares of Sonida Senior Living in the first quarter valued at about $45,000. Main Street Group LTD acquired a new position in shares of Sonida Senior Living in the first quarter valued at about $50,000. First Pacific Financial acquired a new position in shares of Sonida Senior Living in the first quarter valued at about $56,000. Darwin Wealth Management LLC acquired a new position in shares of Sonida Senior Living in the first quarter valued at about $63,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Sonida Senior Living in the first quarter valued at about $64,000. 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.