Sonida Senior Living, Inc. (NYSE:SNDA – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $49.50.
A number of brokerages recently issued reports on SNDA. Robert W. Baird set a $43.00 price objective on Sonida Senior Living and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada lifted their price target on shares of 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 upped their price target on shares of Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Citigroup initiated coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They set a “market outperform” rating on the stock. Finally, Morgan Stanley upped their target price on shares of Sonida Senior Living from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st.
View Our Latest Stock Report on Sonida Senior Living
Sonida Senior Living Stock Performance
Sonida Senior Living (NYSE:SNDA – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.43). The company had revenue of $207.65 million for 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 period in the previous year, the company earned ($0.16) earnings per share. On average, sell-side analysts forecast that Sonida Senior Living will post -3.21 EPS for the current year.
Insider Transactions at Sonida Senior Living
In other news, Director Benjamin Harris sold 6,269 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $39.79, for a total value of $249,443.51. Following the transaction, the director directly owned 10,037 shares in the company, valued at $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Simanovsky sold 97,581 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total value of $3,749,062.02. Following the completion of the transaction, the director directly owned 100,373 shares of the company’s stock, valued at approximately $3,856,330.66. This trade represents a 49.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 275,343 shares of company stock worth $10,895,485. Insiders own 39.30% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Conversant Capital LLC grew its holdings 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 buying an additional 5,341,221 shares in the last quarter. BlackRock Inc. bought a new position in shares of Sonida Senior Living during the second quarter worth $90,515,000. Irenic Capital Management LP grew its stake in Sonida Senior Living by 56.1% during the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock valued at $77,668,000 after acquiring an additional 683,874 shares in the last quarter. J. Goldman & Co LP purchased a new position in Sonida Senior Living during the second quarter valued at $16,321,000. Finally, Adelante Capital Management LLC increased its holdings 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 valued at $15,637,000 after acquiring an additional 234,109 shares during the last quarter. 87.55% of the stock is owned by hedge funds and other institutional investors.
About Sonida Senior Living
Sonida Senior Living, formerly known as Capital Senior Living, is a Dallas-based operator of senior living communities in the United States. The company provides residential care and support services for older adults through communities offering independent living, assisted living and memory care.
Its services generally include housing, dining, housekeeping, transportation, wellness programs and social activities. Assisted living offerings also provide help with daily activities and personal care, while memory care programs are designed to support residents living with Alzheimer’s disease and other forms of dementia.
Sonida serves residents across multiple U.S.
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