Sonida Senior Living (NYSE:SNDA) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Sonida Senior Living from a "hold" to a "sell" in a report released Sunday.
• Analysts remain mixed — Royal Bank of Canada and Cantor Fitzgerald have bullish stances (RBC outperform, $39 PT; Cantor overweight, $36 PT) while others are neutral; the consensus is still a Hold with an average price target of $35.75.
• Fundamentals are weak: SNDA recently reported a ($1.72) EPS for the quarter, has negative net margin and ROE, a high debt-to-equity ratio (136.33), and analysts forecast about -2.3 EPS for the year even as the stock trades near its 52‑week high (~$36).

Sonida Senior Living (NYSE:SNDA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday.

Several other analysts have also recently weighed in on the company. Royal Bank Of Canada assumed coverage on Sonida Senior Living in a report on Friday, March 27th. They issued an "outperform" rating and a $39.00 price target on the stock. Robert W. Baird increased their price objective on Sonida Senior Living from $35.00 to $37.00 and gave the company a "neutral" rating in a research report on Friday. Weiss Ratings upgraded Sonida Senior Living from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, April 17th. Morgan Stanley increased their price objective 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, Cantor Fitzgerald assumed coverage on Sonida Senior Living in a research report on Monday, April 13th. They set an "overweight" rating and a $36.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $35.75.

Sonida Senior Living Trading Up 2.5%

Shares of SNDA stock opened at $36.04 on Friday. Sonida Senior Living has a fifty-two week low of $21.54 and a fifty-two week high of $37.57. The company has a market capitalization 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 - Get Free Report) last released 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 business had revenue of $97.66 million during the quarter. On average, analysts forecast that Sonida Senior Living will post -2.3 earnings per share for the current year.

Hedge Funds Weigh In On Sonida Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living in the first quarter worth $45,000. First Pacific Financial purchased a new stake in Sonida Senior Living in the first quarter worth $56,000. Brookstone Capital Management purchased a new stake in Sonida Senior Living in the first quarter worth $258,000. RFG Advisory LLC purchased a new stake in Sonida Senior Living in the first quarter worth $279,000. Finally, Ocean Park Asset Management LLC purchased a new stake in Sonida Senior Living in the first quarter worth $337,000. Institutional investors own 87.55% of the company's stock.

Sonida Senior Living Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.