Sonida Senior Living, Inc. (NYSE:SNDA) Receives $41.25 Average PT from Brokerages

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.25.

Several analysts recently weighed in on SNDA shares. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, June 26th. 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. Cantor Fitzgerald raised their target price on Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Robert W. Baird lifted their target price on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Morgan Stanley upped their price target on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th.

Sonida Senior Living Price Performance

NYSE:SNDA opened at $40.02 on Wednesday. Sonida Senior Living has a one year low of $23.78 and a one year high of $42.79. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 1.58. The firm has a market cap of $1.90 billion, a P/E ratio of -6.87 and a beta of 0.75. The stock’s 50 day simple moving average is $37.35.

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). The business had revenue of $122.63 million during the quarter. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. Equities research analysts expect that Sonida Senior Living will post -1.72 EPS for the current year.

Insider Activity

In related news, Director Benjamin P. Harris sold 2,500 shares of Sonida Senior Living stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following the transaction, the director directly owned 9,182 shares of the company’s stock, valued at $343,957.72. The trade was a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.30% of the stock is owned by company insiders.

Institutional Trading of Sonida Senior Living

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDA. Brookstone Capital Management acquired a new position in shares of Sonida Senior Living in the 1st quarter worth approximately $258,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Sonida Senior Living during the first quarter worth $45,000. Ocean Park Asset Management LLC acquired a new stake in shares of Sonida Senior Living during the first quarter worth $337,000. RFG Advisory LLC bought a new position in Sonida Senior Living during the first quarter worth $279,000. Finally, Ritholtz Wealth Management acquired a new position in Sonida Senior Living in the first quarter valued at $545,000. 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.