Sonida Senior Living (NYSE:SNDA) Announces Earnings Results

Sonida Senior Living (NYSE:SNDA) posted its quarterly earnings data on Monday. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43), RTT News reports. Sonida Senior Living had a negative return on equity of 37.00% and a negative net margin of 23.27%.The firm had revenue of $207.65 million for the quarter. During the same quarter last year, the company earned ($0.16) earnings per share.

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

• Strong operating momentum: Same-store occupancy rose 240 basis points year over year to 87.8%, while same-store NOI increased 16.9% and NOI margin expanded 250 basis points to 32.6%.
• Management said occupancy gains continued into the third quarter and believes low- to mid-90% stabilized occupancy is achievable, supported by the SPIN analytics platform, pricing opportunities, and the new hospitality-focused COO.
• Sonida is under contract to acquire approximately $88 million of assets in attractive markets, targeting mid-teens unlevered IRRs and accretion to normalized FFO and NAV per share after stabilization.
• The company strengthened its balance sheet with a new $380 million five-year term loan, extending maturities and leaving 97% of total debt due in 2029 or later; the transaction also increased revolver availability for future acquisitions.
• Sonida does not plan to provide full-year normalized FFO guidance until 2027, citing the need to complete CHP integrations and work through its acquisition pipeline; management also noted that pro forma CHP results are not prepared under Regulation S-X Article 11 and may not predict future performance.

Sonida Senior Living Price Performance

NYSE:SNDA opened at $39.10 on Wednesday. Sonida Senior Living has a 1 year low of $24.01 and a 1 year high of $44.38. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. The stock has a fifty day moving average price of $38.86. The stock has a market capitalization of $1.85 billion, a P/E ratio of -6.32 and a beta of 0.80.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Morgan Stanley lifted their price target on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Compass Point initiated coverage on Sonida Senior Living in a research report on Tuesday. They issued a “buy” rating and a $65.00 price objective on the stock. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada raised their target price on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sonida Senior Living has a consensus rating of “Moderate Buy” and an average target price of $47.50.

About Sonida Senior Living

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.