Harbour Investments Inc. Decreases Stock Position in Sila Realty Trust, Inc. $SILA

Harbour Investments Inc. decreased its position in Sila Realty Trust, Inc. (NYSE:SILA) by 63.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,242 shares of the company’s stock after selling 35,889 shares during the quarter. Harbour Investments Inc.’s holdings in Sila Realty Trust were worth $472,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC boosted its stake in shares of Sila Realty Trust by 2.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 17,347 shares of the company’s stock valued at $404,000 after purchasing an additional 412 shares during the period. Newbridge Financial Services Group Inc. increased its stake in Sila Realty Trust by 90.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after buying an additional 585 shares during the period. Focus Partners Wealth increased its stake in Sila Realty Trust by 1.6% during the 1st quarter. Focus Partners Wealth now owns 36,902 shares of the company’s stock worth $986,000 after buying an additional 585 shares during the period. ProShare Advisors LLC lifted its holdings in Sila Realty Trust by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 10,174 shares of the company’s stock worth $237,000 after buying an additional 655 shares in the last quarter. Finally, Amundi lifted its holdings in Sila Realty Trust by 2.1% in the 1st quarter. Amundi now owns 32,203 shares of the company’s stock worth $869,000 after buying an additional 664 shares in the last quarter.

Analyst Upgrades and Downgrades

SILA has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on 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. Truist Financial set a $28.00 price target on Sila Realty Trust in a research note on Wednesday, March 11th. BNP Paribas Exane reissued a “neutral” rating and issued a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Zacks Research upgraded Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen downgraded Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.00.

Sila Realty Trust Price Performance

Shares of SILA stock opened at $30.25 on Monday. The firm has a market cap of $1.67 billion, a P/E ratio of 45.14 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27. Sila Realty Trust, Inc. has a 1-year low of $21.94 and a 1-year high of $30.63. The firm has a fifty day moving average of $27.65 and a two-hundred day moving average of $25.35.

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

Sila Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be given a $0.40 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.60 annualized dividend and a yield of 5.3%. 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.