Diversify Wealth Management LLC Buys 34,900 Shares of Sila Realty Trust, Inc. $SILA

Diversify Wealth Management LLC increased its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 40.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 120,319 shares of the company’s stock after purchasing an additional 34,900 shares during the period. Diversify Wealth Management LLC owned 0.22% of Sila Realty Trust worth $2,849,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SILA. Golden State Wealth Management LLC increased its holdings in shares of Sila Realty Trust by 87.6% in the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Entrust Financial LLC purchased a new stake in shares of Sila Realty Trust in the fourth quarter worth $29,000. Basepoint Wealth LLC bought a new stake in Sila Realty Trust during the fourth quarter valued at $30,000. Newbridge Financial Services Group Inc. boosted its stake in Sila Realty Trust by 90.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $31,000 after buying an additional 585 shares during the period. Finally, Aew Capital Management L P bought a new stake in Sila Realty Trust during the fourth quarter valued at $42,000.

Sila Realty Trust Stock Performance

Sila Realty Trust stock opened at $30.36 on Tuesday. Sila Realty Trust, Inc. has a fifty-two week low of $21.94 and a fifty-two week high of $30.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $1.68 billion, a P/E ratio of 45.31 and a beta of 0.94. The firm’s fifty day moving average price is $30.35 and its 200-day moving average price is $26.88.

Sila Realty Trust (NYSE:SILA) last announced its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $52.66 million during the quarter, compared to analyst estimates of $49.77 million. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. On average, equities research analysts expect that Sila Realty Trust, Inc. will post 2.3 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, 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 annualized dividend and a yield of 5.3%. Sila Realty Trust’s payout ratio is 238.81%.

Wall Street Analyst Weigh In

SILA has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Truist Financial set a $30.00 price target on Sila Realty Trust in a research report on Thursday, June 25th. Freedom Capital downgraded Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, BNP Paribas Exane restated a “neutral” rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.50.

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.