Sonida Senior Living (NYSE:SNDA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Sonida Senior Living (NYSE:SNDA) had its price objective lifted by equities researchers at Morgan Stanley from $31.00 to $38.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 6.26% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Sonida Senior Living in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Robert W. Baird boosted their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Sonida Senior Living from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald upped 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. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sonida Senior Living presently has an average rating of “Hold” and a consensus target price of $40.50.

Sonida Senior Living Stock Performance

Shares of SNDA stock traded down $0.31 on Friday, reaching $35.76. 112,806 shares of the company were exchanged, compared to its average volume of 413,558. The company has a market cap of $1.69 billion, a P/E ratio of -6.13 and a beta of 0.82. The firm has a 50-day moving average of $35.46. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. Sonida Senior Living has a 1 year low of $23.66 and a 1 year high of $39.66.

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

Institutional Trading of Sonida Senior Living

Several large investors have recently bought and sold shares of the business. Conversant Capital LLC grew its stake in Sonida Senior Living by 57.7% during the 1st 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. Irenic Capital Management LP grew its stake in Sonida Senior Living by 1,049.3% during the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock valued at $39,337,000 after acquiring an additional 1,113,622 shares in the last quarter. Emmett Investment Management LP grew its stake in Sonida Senior Living by 11.4% during the 1st quarter. Emmett Investment Management LP now owns 234,824 shares of the company’s stock valued at $7,538,000 after acquiring an additional 23,990 shares in the last quarter. Rush Island Management LP acquired a new position in Sonida Senior Living in the 1st quarter valued at about $7,036,000. Finally, Renaissance Technologies LLC boosted its holdings in Sonida Senior Living by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 134,776 shares of the company’s stock valued at $4,347,000 after purchasing an additional 7,585 shares during the last quarter. Hedge funds and other institutional investors own 87.55% of the company’s stock.

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.