Robert W. Baird Forecasts Strong Price Appreciation for Sonida Senior Living (NYSE:SNDA) Stock

Sonida Senior Living (NYSE:SNDA) had its target price boosted by stock analysts at Robert W. Baird from $35.00 to $37.00 in a research note issued on Friday, Marketbeat reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 2.67% from the company’s previous close.

SNDA has been the subject of several other research reports. Morgan Stanley raised their price objective on shares of Sonida Senior Living from $28.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 17th. Royal Bank Of Canada initiated coverage on shares of Sonida Senior Living in a research note on Friday, March 27th. They issued an “outperform” rating and a $39.00 price objective for the company. Cantor Fitzgerald initiated coverage on shares of Sonida Senior Living in a research note on Monday, April 13th. They issued an “overweight” rating and a $36.00 price objective for the company. Finally, Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.75.

Sonida Senior Living Trading Up 2.5%

Shares of SNDA opened at $36.04 on Friday. Sonida Senior Living has a 1-year low of $21.54 and a 1-year high of $37.57. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -8.56 and a beta of 0.75. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 136.33.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($1.72) earnings per share for the quarter. Sonida Senior Living had a negative net margin of 18.57% and a negative return on equity of 150.51%. The company had revenue of $97.66 million for the quarter. As a group, research analysts expect that Sonida Senior Living will post -2.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Pacific Financial purchased a new position in Sonida Senior Living in the first quarter worth approximately $56,000. Ritholtz Wealth Management purchased a new position in Sonida Senior Living in the first quarter worth approximately $545,000. RFG Advisory LLC purchased a new position in Sonida Senior Living in the first quarter worth approximately $279,000. Brookstone Capital Management purchased a new position in Sonida Senior Living in the first quarter worth approximately $258,000. Finally, Ocean Park Asset Management LLC purchased a new position in Sonida Senior Living in the first quarter worth approximately $337,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

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.