Sila Realty Trust, Inc. (NYSE:SILA) Receives $29.50 Average Price Target from Analysts

Shares of Sila Realty Trust, Inc. (NYSE:SILA) have been assigned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.50.

A number of brokerages recently weighed in on SILA. Freedom Capital cut shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Wells Fargo & Company lifted their price objective on shares of Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. BNP Paribas Exane reiterated a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Finally, Truist Financial set a $30.00 price target on Sila Realty Trust in a report on Thursday, June 25th.

Institutional Investors Weigh In On Sila Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors purchased a new stake in Sila Realty Trust during the fourth quarter valued at about $482,000. JPMorgan Chase & Co. increased its stake in Sila Realty Trust by 80.5% during the third quarter. JPMorgan Chase & Co. now owns 221,264 shares of the company’s stock worth $5,554,000 after acquiring an additional 98,662 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Sila Realty Trust by 8.1% in the 3rd quarter. Victory Capital Management Inc. now owns 986,934 shares of the company’s stock worth $24,772,000 after purchasing an additional 74,355 shares during the period. Diversify Advisory Services LLC raised its holdings in shares of Sila Realty Trust by 248.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 55,689 shares of the company’s stock worth $1,310,000 after purchasing an additional 39,694 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Sila Realty Trust by 57.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 338,759 shares of the company’s stock valued at $7,896,000 after purchasing an additional 123,256 shares in the last quarter.

Sila Realty Trust Stock Performance

Shares of SILA opened at $30.36 on Tuesday. The stock has a 50-day simple moving average of $30.35 and a 200-day simple moving average of $26.88. 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 capitalization of $1.68 billion, a PE ratio of 45.31 and a beta of 0.94. Sila Realty Trust has a 1 year low of $21.94 and a 1 year high of $30.63.

Sila Realty Trust (NYSE:SILA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $52.66 million during 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 predict that Sila Realty Trust will post 2.3 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, June 4th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is 238.81%.

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.