Thrivent Financial for Lutherans Has $2.34 Million Stake in Sila Realty Trust, Inc. $SILA

Thrivent Financial for Lutherans raised its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 60.0% in the 2nd quarter, Holdings Channel reports. The firm owned 98,869 shares of the company’s stock after purchasing an additional 37,058 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sila Realty Trust were worth $2,340,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Sila Realty Trust in the second quarter valued at about $35,000. Amalgamated Bank bought a new stake in Sila Realty Trust in the second quarter valued at approximately $45,000. Tower Research Capital LLC TRC acquired a new stake in Sila Realty Trust during the 2nd quarter valued at approximately $60,000. BNP Paribas Financial Markets bought a new position in Sila Realty Trust during the 2nd quarter worth approximately $111,000. Finally, Ameritas Investment Partners Inc. bought a new position in Sila Realty Trust during the 2nd quarter worth approximately $135,000.

Sila Realty Trust Stock Down 1.0%

Shares of NYSE SILA opened at $22.90 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.26 billion, a PE ratio of 33.19 and a beta of -0.05. The company’s fifty day simple moving average is $23.45 and its 200 day simple moving average is $24.24. Sila Realty Trust, Inc. has a 12-month low of $21.94 and a 12-month high of $27.50.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.33). The company had revenue of $49.85 million during the quarter, compared to the consensus estimate of $49.73 million. Sila Realty Trust had a net margin of 19.86% and a return on equity of 2.80%. As a group, sell-side analysts forecast that Sila Realty Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

Sila Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a $0.40 dividend. The ex-dividend date was Thursday, November 20th. This represents a $1.60 annualized dividend and a yield of 7.0%. Sila Realty Trust’s dividend payout ratio is presently 231.88%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SILA shares. Wolfe Research assumed coverage on shares of Sila Realty Trust in a research note on Monday, October 20th. They issued a “peer perform” rating and a $27.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sila Realty Trust in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.67.

Sila Realty Trust Company Profile

Sila Realty Trust, Inc, headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the large, growing, and resilient healthcare sector. The Company invests in high quality healthcare facilities along the continuum of care, which, we believe, generate predictable, durable, and growing income streams. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.