Sonida Senior Living (NYSE:SNDA) Announces Earnings Results

Sonida Senior Living (NYSE:SNDA) posted its earnings results on Monday. The company reported ($2.39) earnings per share (EPS) for the quarter, FiscalAI reports. Sonida Senior Living had a negative return on equity of 150.51% and a negative net margin of 18.57%.The business had revenue of $122.63 million for the quarter.

Sonida Senior Living Trading Down 2.7%

Shares of NYSE SNDA traded down $1.02 during trading hours on Monday, hitting $37.25. The company had a trading volume of 239,021 shares, compared to its average volume of 377,736. The company has a market cap of $1.76 billion, a PE ratio of -8.85 and a beta of 0.82. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 136.33. Sonida Senior Living has a 1-year low of $23.66 and a 1-year high of $38.99.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SNDA. Cantor Fitzgerald began coverage on Sonida Senior Living in a research report on Monday, April 13th. They set an “overweight” rating and a $36.00 price target for the company. Robert W. Baird upped their price target on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Wall Street Zen downgraded Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Royal Bank Of Canada began coverage on Sonida Senior Living in a research report on Friday, March 27th. They set an “outperform” rating and a $39.00 price target for the company. Finally, Weiss Ratings raised Sonida Senior Living from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.75.

Institutional Investors Weigh In On Sonida Senior Living

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new stake in shares of Sonida Senior Living in the 1st quarter valued at approximately $1,998,000. Kestra Advisory Services LLC acquired a new stake in shares of Sonida Senior Living in the 1st quarter valued at approximately $1,036,000. Gaddis Premier Wealth Advisors LLC acquired a new stake in Sonida Senior Living during the 1st quarter valued at $657,000. BlueChip Wealth Advisors LLC acquired a new stake in Sonida Senior Living during the 1st quarter valued at $636,000. Finally, Ritholtz Wealth Management acquired a new stake in Sonida Senior Living during the 1st quarter valued at $545,000. Institutional investors and hedge funds 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.