Sila Realty Trust (NYSE:SILA) Downgraded by Truist Financial to “Hold”

Truist Financial lowered shares of Sila Realty Trust (NYSE:SILA) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

SILA has been the subject of a number of other research reports. Wall Street Zen cut shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings upgraded Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Zacks Research raised Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company lifted their price objective on Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane restated a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $29.50.

Sila Realty Trust Stock Up 0.0%

Shares of Sila Realty Trust stock opened at $30.34 on Thursday. The stock’s fifty day moving average is $30.06 and its 200-day moving average is $26.25. The firm has a market capitalization of $1.68 billion, a PE ratio of 45.29 and a beta of 0.94. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.52. Sila Realty Trust has a 12-month low of $21.94 and a 12-month high of $30.63.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $52.66 million during the quarter, compared to the consensus estimate of $49.77 million. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. Equities analysts anticipate that Sila Realty Trust will post 2.24 earnings per share for the current year.

Sila Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is 238.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SILA. Golden State Wealth Management LLC raised its stake 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 acquiring an additional 500 shares during the last quarter. Entrust Financial LLC bought a new position in Sila Realty Trust in the 4th quarter worth approximately $29,000. Newbridge Financial Services Group Inc. lifted its holdings 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 in the last quarter. Basepoint Wealth LLC bought a new position in Sila Realty Trust in the 4th quarter valued at $30,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Sila Realty Trust during the third quarter valued at $35,000.

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.