Hsbc Holdings PLC Increases Stock Holdings in Sila Realty Trust, Inc. $SILA

Hsbc Holdings PLC raised its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 23.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,404 shares of the company’s stock after purchasing an additional 17,658 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of Sila Realty Trust worth $2,154,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in Sila Realty Trust by 14.8% in the first quarter. Royal Bank of Canada now owns 80,249 shares of the company’s stock worth $2,143,000 after buying an additional 10,336 shares in the last quarter. Amundi raised its position in shares of 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 acquiring an additional 664 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Sila Realty Trust by 114.4% in the 1st quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock valued at $16,216,000 after purchasing an additional 323,917 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Sila Realty Trust by 10.0% during the first quarter. Goldman Sachs Group Inc. now owns 253,075 shares of the company’s stock valued at $6,760,000 after purchasing an additional 22,960 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Sila Realty Trust by 45.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,093 shares of the company’s stock valued at $6,359,000 after purchasing an additional 74,307 shares in the last quarter.

Sila Realty Trust Stock Performance

Shares of NYSE:SILA remained flat at $30.36 during trading on Friday. The firm has a market capitalization of $1.68 billion, a PE ratio of 45.31 and a beta of 0.94. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $30.36 and its 200-day moving average price is $26.80. Sila Realty Trust, Inc. has a one year low of $21.94 and a one year high of $30.63.

Sila Realty Trust (NYSE:SILA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $52.66 million for the quarter, compared to analysts’ expectations of $49.77 million. Equities research analysts forecast that Sila Realty Trust, Inc. will post 2.3 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Freedom Capital lowered shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. BNP Paribas Exane reissued a “neutral” rating and set a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Wells Fargo & Company upped their price objective on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Finally, Truist Financial set a $30.00 price objective on Sila Realty Trust in a research note on Thursday, June 25th. One research 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, Sila Realty Trust has an average rating of “Hold” and a consensus target price of $29.50.

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.