Sila Realty Trust, Inc. (NYSE:SILA) Receives Average Rating of “Hold” from Analysts

Shares of Sila Realty Trust, Inc. (NYSE:SILA) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $29.50.

Several analysts recently weighed in on SILA shares. BNP Paribas Exane restated a “neutral” rating and issued a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Truist Financial set a $30.00 price objective on Sila Realty Trust in a research note on Thursday, June 25th. Weiss Ratings raised Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wells Fargo & Company increased their target price on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th.

Sila Realty Trust Stock Performance

Shares of NYSE:SILA remained flat at $30.36 during midday trading on Tuesday. The business has a 50-day moving average price of $30.36 and a two-hundred day moving average price of $26.63. The stock has a market capitalization of $1.68 billion, a P/E ratio of 45.31 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 announced its quarterly earnings data on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. The business had revenue of $52.66 million for the quarter, compared to analysts’ expectations of $49.77 million. As a group, analysts predict that Sila Realty Trust will post 2.3 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were paid a $0.40 dividend. 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 currently 238.81%.

Hedge Funds Weigh In On Sila Realty Trust

Hedge funds have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC increased its holdings in shares of Sila Realty Trust by 2.4% in the 4th quarter. HighPoint Advisor Group LLC now owns 17,347 shares of the company’s stock worth $404,000 after purchasing an additional 412 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Sila Realty Trust by 87.6% in the 4th quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Sila Realty Trust by 2.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,496 shares of the company’s stock worth $478,000 after acquiring an additional 529 shares during the last quarter. Amundi raised its holdings in shares of Sila Realty Trust by 1.7% during the 1st quarter. Amundi now owns 32,926 shares of the company’s stock worth $780,000 after acquiring an additional 554 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of 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 valued at $31,000 after acquiring an additional 585 shares during the last quarter.

Sila Realty Trust Company Profile

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.