Morgan Stanley analyst Ronald Kamdem maintained a Hold rating on Sonida Senior Living, Inc. (SNDA – Research Report) yesterday and set a price target of $25.00.
Ronald Kamdem has given his Hold rating due to a combination of factors surrounding Sonida Senior Living, Inc.’s recent financial performance and strategic outlook. The company’s fourth-quarter results were largely in line with expectations, with Total Community NOI slightly exceeding projections and a modest beat in Adjusted EBITDA. Despite these positive indicators, the company’s leverage remains high, with net debt levels increasing from the previous quarter.
Kamdem also notes the company’s ongoing efforts to stabilize its acquisition NOI and focus on same-store growth as part of its long-term strategy to reduce leverage. While management has indicated positive early trends for the first quarter of 2025, including growth in occupancy and rate improvements, the lack of specific guidance and the current leverage situation contribute to the Hold rating. The company’s goal to achieve significant NOI growth in 2025 remains a positive aspect, but the current financial metrics suggest a cautious approach is warranted.
Kamdem covers the Real Estate sector, focusing on stocks such as Healthpeak Properties, Welltower, and Highwoods Properties. According to TipRanks, Kamdem has an average return of 4.7% and a 54.95% success rate on recommended stocks.