Sila Realty Trust, Inc. (NYSE:SILA) Given Consensus Rating of “Hold” by Analysts

Shares of Sila Realty Trust, Inc. (NYSE:SILA) have been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $29.00.

Several brokerages recently weighed in on SILA. Freedom Capital cut Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Truist Financial set a $28.00 price objective on Sila Realty Trust in a research report on Wednesday, March 11th. BNP Paribas Exane restated a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Wells Fargo & Company upped their target price on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd.

Sila Realty Trust Stock Performance

Shares of SILA opened at $30.27 on Friday. The company has a 50-day simple moving average of $28.84 and a two-hundred day simple moving average of $25.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $1.67 billion, a PE ratio of 45.18 and a beta of 0.94. Sila Realty Trust has a one year low of $21.94 and a one year high of $30.63.

Sila Realty Trust (NYSE:SILA) last posted its earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $52.67 million for the quarter, compared to the consensus estimate of $49.77 million. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%. On average, analysts anticipate that Sila Realty Trust will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.3%. Sila Realty Trust’s dividend payout ratio (DPR) is currently 238.81%.

Institutional Trading of Sila Realty Trust

A number of hedge funds have recently made changes to their positions in SILA. Northwestern Mutual Wealth Management Co. increased its position in Sila Realty Trust by 133,106.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,817,893 shares of the company’s stock valued at $182,235,000 after buying an additional 7,812,024 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Sila Realty Trust by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,614,395 shares of the company’s stock worth $130,872,000 after acquiring an additional 43,538 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in Sila Realty Trust by 7.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,510 shares of the company’s stock worth $31,909,000 after acquiring an additional 92,115 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Sila Realty Trust by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,003,144 shares of the company’s stock worth $23,383,000 after acquiring an additional 32,965 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Sila Realty Trust by 8.1% in the third quarter. Victory Capital Management Inc. now owns 986,934 shares of the company’s stock worth $24,772,000 after acquiring an additional 74,355 shares during the last quarter.

About Sila Realty Trust

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.