Sonida Senior Living, Inc. (NYSE:SNDA) Receives Consensus Recommendation of “Hold” from Brokerages

Sonida Senior Living, Inc. (NYSE:SNDA) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $40.50.

SNDA has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 price objective on shares of Sonida Senior Living in a research note on Tuesday, May 12th. 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. Cantor Fitzgerald raised their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Robert W. Baird raised their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th.

Sonida Senior Living Price Performance

NYSE SNDA opened at $35.08 on Friday. Sonida Senior Living has a 12 month low of $23.66 and a 12 month 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 capitalization of $1.66 billion, a price-to-earnings ratio of -6.02 and a beta of 0.78. The company’s 50 day moving average is $35.44.

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 net margin of 24.15% and a negative return on equity of 36.98%. The company had revenue of $122.63 million for the quarter. Sell-side analysts anticipate that Sonida Senior Living will post -1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SNDA. Conversant Capital LLC grew its position in Sonida Senior Living by 57.7% in the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock worth $471,039,000 after buying an additional 5,341,221 shares during the last quarter. Irenic Capital Management LP grew its position in Sonida Senior Living by 1,049.3% in the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after buying an additional 1,113,622 shares during the last quarter. Rush Island Management LP acquired a new position in Sonida Senior Living in the first quarter worth approximately $7,036,000. Dimensional Fund Advisors LP acquired a new position in Sonida Senior Living in the first quarter worth approximately $1,998,000. Finally, Cetera Investment Advisers acquired a new position in Sonida Senior Living in the first quarter worth approximately $1,090,000. 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.