Analysts Set Sonida Senior Living, Inc. (NYSE:SNDA) Price Target at $35.75

Sonida Senior Living, Inc. (NYSE:SNDA) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.75.

A number of research firms recently commented on SNDA. Cantor Fitzgerald began coverage on Sonida Senior Living in a report on Monday, April 13th. They set an “overweight” rating and a $36.00 target price for the company. Wall Street Zen downgraded Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings raised Sonida Senior Living from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 17th. Morgan Stanley lifted their price target on 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. Finally, Royal Bank Of Canada initiated 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.

Sonida Senior Living Stock Up 0.0%

Sonida Senior Living stock opened at $36.04 on Friday. The company has a debt-to-equity ratio of 136.33, a current ratio of 0.74 and a quick ratio of 0.74. Sonida Senior Living has a 52 week low of $21.54 and a 52 week high of $37.57. The stock has a market cap of $1.71 billion, a P/E ratio of -8.56 and a beta of 0.75.

Sonida Senior Living (NYSE:SNDA) last released its earnings results on Wednesday, March 11th. The company reported ($1.72) EPS for the quarter. Sonida Senior Living had a negative return on equity of 150.51% and a negative net margin of 18.57%.The firm had revenue of $97.66 million for the quarter. Research analysts anticipate that Sonida Senior Living will post -2.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. First Pacific Financial purchased a new position in Sonida Senior Living during the first quarter valued at approximately $56,000. Ritholtz Wealth Management purchased a new position in Sonida Senior Living during the first quarter valued at approximately $545,000. RFG Advisory LLC purchased a new position in Sonida Senior Living during the first quarter valued at approximately $279,000. Ocean Park Asset Management LLC purchased a new position in Sonida Senior Living during the first quarter valued at approximately $337,000. Finally, Capital Advisors Ltd. LLC purchased a new position in Sonida Senior Living during the first quarter valued at approximately $45,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

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.