Sonida Senior Living (NYSE:SNDA) Reaches New 1-Year High on Analyst Upgrade

Sonida Senior Living, Inc. (NYSE:SNDA) shares hit a new 52-week high during trading on Wednesday after Cantor Fitzgerald raised their price target on the stock from $36.00 to $42.00. Cantor Fitzgerald currently has an overweight rating on the stock. Sonida Senior Living traded as high as $39.18 and last traded at $39.09, with a volume of 471062 shares traded. The stock had previously closed at $37.12.

Other equities analysts have also issued reports about the stock. Robert W. Baird boosted their price target on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price target on shares of Sonida Senior Living in a research report on Tuesday. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 17th. Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Morgan Stanley boosted their price target on shares of Sonida Senior Living from $28.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sonida Senior Living presently has an average rating of “Hold” and a consensus target price of $38.75.

Hedge Funds Weigh In On Sonida Senior Living

Large investors have recently modified their holdings of the stock. Gaddis Premier Wealth Advisors LLC acquired a new position in shares of Sonida Senior Living during the first quarter worth approximately $657,000. NFSG Corp acquired a new position in shares of Sonida Senior Living during the first quarter worth approximately $68,000. BlueChip Wealth Advisors LLC acquired a new position in shares of Sonida Senior Living during the first quarter worth approximately $636,000. Sovran Advisors LLC acquired a new position in shares of Sonida Senior Living during the first quarter worth approximately $531,000. Finally, World Investment Advisors acquired a new position in shares of Sonida Senior Living during the first quarter worth approximately $208,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sonida Senior Living Stock Performance

The stock has a market capitalization of $1.85 billion, a PE ratio of -6.70 and a beta of 0.82. The company has a debt-to-equity ratio of 136.33, a quick ratio of 0.74 and a current ratio of 0.74.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share for the quarter, missing the consensus estimate of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 267.87%. The business had revenue of $122.63 million during the quarter. Research analysts anticipate that Sonida Senior Living, Inc. will post -2.3 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.