Is Sonida Senior Living (SNDA) A Smart Long-Term Buy?

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Sonida Senior Living, Inc. (NYSE: SNDA) and discussed its stance on the firm. Sonida Senior Living, Inc. is a Dallas, Texas-based senior housing communities operator with a $186.4 million market capitalization. SNDA delivered a 1.51% return since the beginning of the year, while its 12-month returns are up by 77.56%. The stock closed at $28.92 per share on January 12, 2022.

Here is what Clark Street Value has to say about Sonida Senior Living, Inc. in its Q4 2021 investor letter:

“Sonida Senior Living (SNDA) is a recent buy after they completed an out of court restructuring transaction, this is a bit of a jockey bet in that I like the Conversant Capital team and what they’ve done thus far at INDT, here they control the company and have started to implement their new business plan with the acquisition of two Indianapolis area senior housing properties.  Senior housing has a lot of operating leverage, if occupancy levels recover to normalized levels and the demographic wave finally materializes, Sonida could do very well over the next 3-4 years.”

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Our calculations show that Sonida Senior Living, Inc. (NYSE: SNDA) failed to obtain a mark in our list of the 30 Most Popular Stocks Among Hedge Funds. Sonida Senior Living, Inc. (NYSE: SNDA) delivered a -5.21% return in the past 3 months.

You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.