Analyst Ronald Kamdem from Morgan Stanley maintained a Hold rating on Sonida Senior Living and keeping the price target at $26.00.
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Ronald Kamdem has given his Hold rating due to a combination of factors influencing Sonida Senior Living’s financial performance and strategic direction. The company reported a positive earnings surprise with EPS and adjusted EBITDA exceeding expectations. However, the mixed key performance indicators (KPIs) and slower same-store net operating income (NOI) growth compared to previous quarters present a balanced outlook.
Additionally, while Sonida Senior Living has made significant investments in technology to enhance operations and resident care, these have resulted in increased costs year-over-year. The strategic inorganic growth plan remains in place, but the high leverage and net debt levels are areas of concern. These elements collectively suggest a neutral stock price reaction, justifying the Hold rating.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $24.50 price target.
SNDA’s price has also changed slightly for the past six months – from $24.870 to $24.660, which is a -0.84% drop .