Sila Realty Trust (NYSE:SILA) Sets New 12-Month High – Here’s What Happened

Sila Realty Trust, Inc. (NYSE:SILA)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.61 and last traded at $30.5750, with a volume of 511668 shares trading hands. The stock had previously closed at $30.43.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SILA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Sila Realty Trust in a research report on Friday, March 27th. BNP Paribas Exane reaffirmed 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. Freedom Capital lowered Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Zacks Research raised Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Truist Financial set a $28.00 price target on Sila Realty Trust in a report on Wednesday, March 11th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sila Realty Trust presently has a consensus rating of “Hold” and an average price target of $29.00.

Sila Realty Trust Trading Up 0.5%

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $25.77 and a 200-day moving average price of $24.50. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 52.75 and a beta of 1.01.

Sila Realty Trust (NYSE:SILA) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.46). The firm had revenue of $50.70 million during the quarter, compared to analyst estimates of $50.26 million. Sila Realty Trust had a net margin of 16.36% and a return on equity of 2.39%. As a group, sell-side analysts predict that Sila Realty Trust, Inc. will post 2.24 EPS for the current year.

Sila Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Friday, March 6th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, March 6th. Sila Realty Trust’s dividend payout ratio is presently 275.86%.

Institutional Trading of Sila Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new stake in shares of Sila Realty Trust during the third quarter valued at $1,081,000. Segall Bryant & Hamill LLC acquired a new position in shares of Sila Realty Trust in the 3rd quarter valued at $1,095,000. JPMorgan Chase & Co. increased its stake in Sila Realty Trust by 80.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,264 shares of the company’s stock worth $5,554,000 after purchasing an additional 98,662 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Sila Realty Trust by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 236,344 shares of the company’s stock worth $5,932,000 after buying an additional 41,127 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Sila Realty Trust by 171.4% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,403 shares of the company’s stock valued at $2,294,000 after buying an additional 57,722 shares in 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.