Sonida Senior Living (SNDA)
Owns and operates independent-living, assisted-living, and memory-care communities across a growing Sunbelt footprint.
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Owns and operates independent-living, assisted-living, and memory-care communities that generate revenue mostly through private pay rather than government programs. Built out of a Texas and Midwest base, the portfolio pivoted toward the Southeast starting in 2024 and roughly doubled in scale after a 2026 merger with a non-traded healthcare REIT.
Owns and operates independent-living, assisted-living, and memory-care communities, with resident fees paid mostly out of pocket rather than through government reimbursement. Recent acquisitions have leaned toward the higher-acuity assisted-living and memory-care segments.
The community base traces to a 1990 Dallas start-up that carried a different name and NYSE ticker until a 2021 recapitalization reset its balance sheet. Growth ran from a Texas and Midwest base, pivoted toward Florida, Georgia, and South Carolina from 2024, and a 2026 merger with a non-traded healthcare REIT stretched the footprint to about 165 communities across dozens of states.
Fannie Mae remains the secured lender behind many legacy community mortgages, and licensing for assisted living and memory care is set state by state rather than federally. Conversant Capital, the investor behind that recapitalization, is the largest shareholder and appoints the board chair.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 4, 2026 | Baird | Upgrade | ||
| Sep 3, 2026 | Robert W. Baird | Target | Target: $37 | Target: $43 |
| Sep 1, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $28 | Target: $44 |
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $42 | Target: $47 |
| Aug 11, 2026 | Compass Point | Initiate | Rating: —Target: — | Target: $65 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $48.7M · Total debt $1.57B · Total assets $2.55B · Shareholders' equity $861.6M
- Revenue
- $207.6M
- Operating income
- −$5.5M
- Net income
- −$24.5M
No dividends on record.
| Institutions | ≈ 76.97% | 36.98M shares | |
|---|---|---|---|
| 232 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 34.18% | 16.42M shares | |
| 22 holders · as of Sep 4, 2026 | |||
| Strategic holders | 1.82% | 873.8K shares | |
| 2 holders · as of Mar 23, 2026 | |||
| Adds to | 112.97% | ||
48.05M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 112.97%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Conversant Capital LLCInstitution | 30.40% | 14.61M | as of Jun 30, 2026 |
Michael SimanovskyInsiderdirector, 10 percent owner | 22.09% | 10.61M | filed Sep 4, 2026 |
Capital International InvestorsInstitution | 6.85% | 3.29M | as of Jun 30, 2026 |
Seymour PluchenikInsider | 6.40% | 3.07M | filed Mar 11, 2026 |
Pertento Partners LLPInstitution | 4.94% | 2.38M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Michael Simanovsky | director, 10 percent owner: | −97,581 | $38.42 |
| Aug 28, 2026 | Michael Simanovsky | director, 10 percent owner: | −26,407 | $38.35 |
| Aug 27, 2026 | Michael Simanovsky | director, 10 percent owner: | −15,000 | $39.00 |
| Aug 26, 2026 | Michael Simanovsky | director, 10 percent owner: | −15,086 | $40.94 |
| Aug 25, 2026 | Michael Simanovsky | director, 10 percent owner: | −115,000 | $40.71 |
- Brookdale Senior Living
Largest US senior-living operator, 584 IL/AL/MC/CCRC communities, 41 states
- National HealthCare
Tennessee-based skilled nursing operator with Southeast AL/IL senior housing
- American Healthcare REIT
REIT rival bidding for the same Sunbelt senior-housing acquisition targets
- The Ensign Group
Large skilled-nursing operator with an expanding ancillary senior-living segment
- The Pennant Group
Ensign spinoff; mostly home health/hospice, smaller leased senior-living segment
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sonida Senior Living | $38.44 | +0.84% | $1.81B | — | — | 3.4 | +122.0% |
| Brookdale Senior Living | $11.43 | +0.40% | $2.72B | — | 527.3 | 0.9 | −11.6% |
| National HealthCare | $221.27 | −0.91% | $3.49B | 25.1 | — | 2.2 | +9.4% |
| American Healthcare REIT | $51.92 | −0.73% | $10.81B | 76.9 | 74.6 | 4.3 | +23.7% |
| The Ensign Group | $176.68 | +1.26% | $10.17B | 27.3 | 21.5 | 1.9 | +17.3% |
| The Pennant Group | $39.56 | +1.54% | $1.35B | 43.3 | 27.2 | 1.2 | +35.8% |
| Median | 35.3 | 50.9 | 1.9 | +17.3% |