Sonida Senior Living (NYSE:SNDA) Price Target Cut to $43.00 by Analysts at Royal Bank Of Canada

Sonida Senior Living (NYSE:SNDA) had its price target decreased by Royal Bank Of Canada from $48.00 to $43.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley boosted their target price on Sonida Senior Living from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Compass Point assumed coverage on Sonida Senior Living in a research note on Tuesday, August 11th. They set a “buy” rating and a $65.00 target price for the company. Zacks Research cut Sonida Senior Living from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Citizens Jmp decreased their price target on Sonida Senior Living from $50.00 to $45.00 and set a “market outperform” rating on the stock in a research note on Friday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sonida Senior Living in a report on Tuesday, October 27th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $47.83.

Sonida Senior Living Stock Up 0.8%

Shares of Sonida Senior Living stock opened at $34.01 on Wednesday. Sonida Senior Living has a 52-week low of $29.66 and a 52-week high of $44.38. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 1.84. The company’s 50-day simple moving average is $36.36 and its 200-day simple moving average is $37.14.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.20). The firm had revenue of $210.19 million for the quarter. Sonida Senior Living had a negative return on equity of 17.94% and a negative net margin of 20.34%. Analysts predict that Sonida Senior Living will post -3.21 earnings per share for the current year.

Insider Activity

In related news, Director Benjamin Harris sold 6,269 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the sale, the director owned 10,037 shares of the company’s stock, valued at approximately $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Simanovsky sold 97,581 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the sale, the director directly owned 100,373 shares in the company, valued at approximately $3,856,330.66. This represents a 49.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 275,343 shares of company stock valued at $10,895,485 in the last quarter. Company insiders own 39.30% of the company’s stock.

Institutional Investors Weigh In On Sonida Senior Living

A number of hedge funds and other institutional investors have recently modified their holdings of SNDA. Covestor Ltd grew its holdings in shares of Sonida Senior Living by 11.2% in the 3rd quarter. Covestor Ltd now owns 4,843 shares of the company’s stock worth $182,000 after acquiring an additional 488 shares during the period. Compass Financial Management LLC purchased a new position in Sonida Senior Living in the 2nd quarter valued at approximately $27,000. Family Wealth Partners LLC increased its stake in Sonida Senior Living by 7.6% in the 2nd quarter. Family Wealth Partners LLC now owns 11,247 shares of the company’s stock valued at $459,000 after purchasing an additional 793 shares in the last quarter. FNY Investment Advisers LLC increased its stake in Sonida Senior Living by 28.6% in the 2nd quarter. FNY Investment Advisers LLC now owns 4,500 shares of the company’s stock valued at $183,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in Sonida Senior Living during the second quarter worth $43,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

About Sonida Senior Living

Sonida Senior Living is a U.S.-based owner and operator of senior living communities. Its communities offer independent living, assisted living and memory care, serving older adults with different levels of daily support. Services vary by community and may include meals, housekeeping, social and wellness programs, personal assistance and specialized support for residents with memory-related conditions. The company was formerly known as Capital Senior Living and adopted the Sonida Senior Living name in 2021.