Sonida Senior Living (NYSE:SNDA) Posts Earnings Results

Sonida Senior Living (NYSE:SNDA) announced its earnings results on Thursday. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.20), FiscalAI reports. 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 $210.19 million for the quarter.

Here are the key takeaways from Sonida Senior Living’s conference call:

• Same-store occupancy increased 200 basis points year over year to 88.6%, while same-store SHOP NOI rose 15.6% and margin expanded 230 basis points to 31.8%. Normalized FFO was $0.46 per share and Adjusted EBITDA increased 26.2% to $46.8 million.
• Management reported progress integrating the CHP portfolio: 19 of 54 SHOP communities had transitioned to Sonida’s platform by November 1, and the first 14 onboarded communities posted 33.2% year-over-year NOI growth and 600 basis points of margin expansion. The company said those results reflect recovery opportunities in that initial group and expects more moderate growth from CHP communities with stronger starting performance.
• Sonida expects to deploy about $250 million in acquisition capital in 2026, excluding the CHP merger, with roughly $98 million under contract. Management described a wide range of initial yields and said its blended acquisitions are expected to stabilize at high-single-digit returns, while noting some assets require longer recovery periods.
• Quarter-end net leverage was 8.1x, above the company’s 6.0x–6.5x near-term target, and total debt was approximately $1.7 billion. Management cited NOI growth, free cash flow and asset-sale proceeds as paths to reducing leverage; it also said 83% of debt is fixed or hedged and 98% matures in 2029 or later.
• The company is developing initiatives in service tiers, digital lead generation and data-driven pricing, with its new pricing approach planned to begin rolling out in 2027. Sonida expects to provide full-year 2027 guidance with its fourth-quarter results.

Sonida Senior Living Stock Performance

Shares of SNDA traded down $1.26 during midday trading on Friday, hitting $32.80. 1,066,425 shares of the stock traded hands, compared to its average volume of 453,394. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50 day moving average price is $36.59 and its two-hundred day moving average price is $37.20. Sonida Senior Living has a 1-year low of $29.66 and a 1-year high of $44.38. The firm has a market capitalization of $1.58 billion, a PE ratio of -6.13 and a beta of 0.88.

Insider Buying and Selling at Sonida Senior Living

In related news, Director Michael Simanovsky sold 115,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00. Following the sale, the director owned 254,447 shares of the company’s stock, valued at $10,358,537.37. The trade was a 31.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the director owned 10,037 shares of the company’s stock, valued at $399,372.23. This trade represents a 38.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 275,343 shares of company stock worth $10,895,485. 39.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sonida Senior Living

Several institutional investors have recently modified their holdings of SNDA. Conversant Capital LLC raised its position 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 purchasing an additional 5,341,221 shares during the period. BlackRock Inc. acquired a new stake in Sonida Senior Living in the 2nd quarter valued at $90,515,000. Irenic Capital Management LP boosted its holdings in Sonida Senior Living by 1,049.3% during the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after purchasing an additional 1,113,622 shares during the last quarter. J. Goldman & Co LP bought a new stake in shares of Sonida Senior Living in the second quarter valued at $16,321,000. Finally, Adelante Capital Management LLC lifted its stake in 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 purchasing an additional 234,109 shares in the last quarter. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sonida Senior Living News Summary

Here are the key news stories impacting Sonida Senior Living this week:

• Positive Sentiment: Management said third-quarter occupancy growth drove margin expansion and higher net operating income. The quarterly loss was also narrower than a year earlier, although it missed analyst expectations. Sonida Senior Living Announces Third Quarter 2026 Results
• Positive Sentiment: Sonida outlined plans to deploy about $250 million in acquisition capital in 2026 while integrating CHP, signaling a growth strategy that could expand its portfolio. Execution and integration remain important considerations. Sonida acquisition capital plan
• Neutral Sentiment: Citizens JMP lowered its price target from $50 to $45 but maintained a “market outperform” rating. The revised target still implies potential upside from the referenced share price. Citizens JMP rating and price target
• Negative Sentiment: Third-quarter adjusted results disappointed: Sonida reported a loss of $0.72 per share versus the consensus estimate of a $0.52 loss. Reports also said revenue trailed estimates, despite year-over-year sales growth. The earnings shortfall is the clearest near-term negative for the shares. Sonida Senior Living Q3 Loss Widens

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Citizens Jmp dropped their target price on Sonida Senior Living from $50.00 to $45.00 and set a “market outperform” rating on the stock in a report on Friday. Zacks Research lowered shares of Sonida Senior Living from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Sonida Senior Living in a research report on Tuesday, October 27th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Sonida Senior Living has an average rating of “Hold” and a consensus price target of $48.67.

Sonida Senior Living Company Profile

Sonida Senior Living Corporation (NYSE: SNDA) is a senior housing company that owns, operates and manages communities serving older adults in the United States. Its properties are designed to provide residential services and support for seniors with varying care needs.

The company offers independent living, assisted living and memory care services. Its communities generally provide housing, dining, housekeeping, transportation, wellness programs, social activities and personal care assistance, with memory care programs tailored to residents living with Alzheimer’s disease and other forms of dementia.

Sonida Senior Living was formerly known as Capital Senior Living Corporation and adopted its current name in 2024.