Sila Realty Trust (NYSE:SILA) Stock Price Up 0.4% – What’s Next?

Sila Realty Trust, Inc. (NYSE:SILA)’s share price rose 0.4% during trading on Monday . The company traded as high as $24.02 and last traded at $23.9640. Approximately 265,260 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 332,912 shares. The stock had previously closed at $23.86.

Analysts Set New Price Targets

SILA has been the topic of a number of recent analyst reports. Wolfe Research began coverage on shares of Sila Realty Trust in a research report on Monday, October 20th. They issued a “peer perform” rating and a $27.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sila Realty Trust in a research note on Monday, December 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sila Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $26.67.

Sila Realty Trust Stock Up 0.4%

The company has a market cap of $1.32 billion, a price-to-earnings ratio of 34.73 and a beta of -0.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $23.42 and its two-hundred day moving average is $24.17.

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

Sila Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, November 20th. Sila Realty Trust’s dividend payout ratio is presently 231.88%.

Hedge Funds Weigh In On Sila Realty Trust

Hedge funds have recently bought and sold shares of the company. PFG Investments LLC raised its holdings in shares of Sila Realty Trust by 52.4% in the fourth quarter. PFG Investments LLC now owns 64,017 shares of the company’s stock valued at $1,492,000 after purchasing an additional 22,005 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Sila Realty Trust by 57.4% in the fourth quarter. Farther Finance Advisors LLC now owns 13,198 shares of the company’s stock worth $308,000 after purchasing an additional 4,814 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Sila Realty Trust by 19.6% in the 4th quarter. State of Alaska Department of Revenue now owns 32,281 shares of the company’s stock valued at $751,000 after purchasing an additional 5,295 shares during the period. Brookwood Investment Group LLC grew its position in Sila Realty Trust by 10.8% during the fourth quarter. Brookwood Investment Group LLC now owns 16,168 shares of the company’s stock valued at $377,000 after buying an additional 1,576 shares during the period. Finally, Synergy Asset Management LLC bought a new position in Sila Realty Trust during the fourth quarter valued at about $302,000.

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.