Y Intercept Hong Kong Ltd Purchases New Shares in Sila Realty Trust, Inc. $SILA

Y Intercept Hong Kong Ltd acquired a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 79,019 shares of the company’s stock, valued at approximately $1,871,000. Y Intercept Hong Kong Ltd owned 0.14% of Sila Realty Trust at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position 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 in the last quarter. Entrust Financial LLC purchased a new stake in shares of Sila Realty Trust in the 4th quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. lifted its position in shares of Sila Realty Trust by 90.4% in 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 in the last quarter. Basepoint Wealth LLC acquired a new position in Sila Realty Trust in the 4th quarter worth approximately $30,000. Finally, United Financial Planning Group LLC acquired a new position in Sila Realty Trust in the 3rd quarter worth approximately $35,000.

Sila Realty Trust Stock Performance

Shares of SILA opened at $30.36 on Friday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 45.31 and a beta of 0.94. The company’s fifty day moving average is $30.36 and its 200-day moving average is $26.78. 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, Inc. has a 12 month low of $21.94 and a 12 month 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. The business had revenue of $52.66 million during the quarter, compared to analyst estimates of $49.77 million. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. Equities analysts expect that Sila Realty Trust, Inc. will post 2.3 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.40 per share. 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 238.81%.

Analyst Ratings Changes

SILA has been the topic of several recent analyst reports. Weiss Ratings raised shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Truist Financial set a $30.00 price target on Sila Realty Trust in a report on Thursday, June 25th. BNP Paribas Exane reiterated a “neutral” rating and set a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Wells Fargo & Company increased their price objective 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. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sila Realty Trust has an average rating of “Hold” and an average target price of $29.50.

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.