Sonida Senior Living (NYSE:SNDA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Sonida Senior Living (NYSE:SNDA) had its price objective hoisted by research analysts at Morgan Stanley from $31.00 to $38.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 6.26% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald boosted their target price on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Weiss Ratings lowered shares of Sonida Senior Living from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of Sonida Senior Living in a report on Tuesday, May 12th. Finally, Robert W. Baird upped their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sonida Senior Living presently has an average rating of “Hold” and an average price target of $40.50.

Sonida Senior Living Stock Down 0.9%

NYSE:SNDA traded down $0.31 on Friday, hitting $35.76. The stock had a trading volume of 112,806 shares, compared to its average volume of 413,558. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $1.69 billion, a PE ratio of -6.13 and a beta of 0.82. The stock has a fifty day moving average price of $35.46. Sonida Senior Living has a 1-year low of $23.66 and a 1-year high of $39.66.

Sonida Senior Living (NYSE:SNDA) last posted its earnings results 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). The firm had revenue of $122.63 million during the quarter. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. As a group, analysts anticipate that Sonida Senior Living will post -2.3 earnings per share for the current year.

Institutional Investors Weigh In On Sonida Senior Living

A number of hedge funds have recently added to or reduced their stakes in SNDA. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living during the 1st quarter worth approximately $45,000. Main Street Group LTD acquired a new stake in Sonida Senior Living during the 1st quarter worth approximately $50,000. First Pacific Financial acquired a new stake in Sonida Senior Living during the 1st quarter worth approximately $56,000. Darwin Wealth Management LLC acquired a new stake in Sonida Senior Living during the 1st quarter worth approximately $63,000. Finally, Sunbelt Securities Inc. acquired a new stake in Sonida Senior Living during the 1st quarter worth approximately $64,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

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.