Analyst coverage
- The current average analyst rating on the shares is "buy," with 3 "strong buy" or "buy," 2 "hold," and no "sell" or "strong sell."
- The average consensus recommendation for the healthcare facilities & services peer group is "buy."
- Wall Street's median 12-month price target for Sonida Senior Living, Inc. is $42.00, about 4.2% above its August 7 closing price of $40.30.
Debt refinancing and outlook
- The company refinanced debt with a new $380 million term loan to boost financial flexibility.
- Sonida did not provide specific financial guidance for upcoming quarters or the full year.
Q2 results and operating trends
- US senior housing operator's Q2 revenue declined slightly, missing the sole analyst estimate.
- Same-store net operating income rose 16.9% yr/yr, helped by occupancy and margin gains.
- The company said same-store portfolio occupancy expanded 240 basis points yr/yr to 87.8%, supporting NOI growth.
- Q2 revenue was $207.65 million versus a consensus estimate of $209.38 million.
- Q2 loss per share was $0.52, and net loss was $24.72 million.
- Q2 operating expenses were $135.03 million.
Company comments and capital allocation
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