Brokerages Set Sonida Senior Living, Inc. (NYSE:SNDA) Price Target at $47.50

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $48.50.

Several research analysts have commented on SNDA shares. Citizens Jmp began coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued an “outperform” rating and a $50.00 price objective on the stock. Citigroup began coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a “market outperform” rating for the company. 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 target price for the company. Royal Bank Of Canada raised their target price on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, Cantor Fitzgerald boosted their price target on Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th.

Insider Activity at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 6,269 shares of Sonida Senior Living stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the sale, the director owned 10,037 shares in the company, valued at $399,372.23. This trade represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Simanovsky sold 97,581 shares of the business’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 transaction, the director directly owned 100,373 shares in the company, valued at approximately $3,856,330.66. The trade was a 49.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 275,343 shares of company stock valued at $10,895,485 in the last ninety days. 39.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sonida Senior Living

Institutional investors have recently added to or reduced their stakes in the company. Conversant Capital LLC grew its stake in shares of Sonida Senior Living by 57.7% during the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after acquiring an additional 5,341,221 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Sonida Senior Living in the second quarter worth about $90,515,000. Irenic Capital Management LP lifted its stake in shares of Sonida Senior Living by 56.1% in the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock worth $77,668,000 after acquiring an additional 683,874 shares in the last quarter. Adelante Capital Management LLC boosted its holdings in Sonida Senior Living by 75.5% in the second quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock valued at $15,637,000 after purchasing an additional 234,109 shares during the last quarter. Finally, J. Goldman & Co LP purchased a new position in Sonida Senior Living in the second quarter valued at about $16,321,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Sonida Senior Living Stock Down 0.2%

Sonida Senior Living stock opened at $37.71 on Thursday. Sonida Senior Living has a 52-week low of $24.94 and a 52-week high of $44.38. The stock has a fifty day simple moving average of $40.11. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -6.09 and a beta of 0.74. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80.

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

Sonida Senior Living Company Profile

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.