Sila Realty Trust, Inc. (NYSE:SILA) Given Average Recommendation of “Hold” by Brokerages

Shares of Sila Realty Trust, Inc. (NYSE:SILA) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.50.

Several research firms recently weighed in on SILA. 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. Wells Fargo & Company increased their price target on shares of Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Truist Financial set a $30.00 price objective on shares of Sila Realty Trust in a research note on Thursday, June 25th. Finally, Freedom Capital cut shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st.

Institutional Trading of Sila Realty Trust

A number of hedge funds have recently made changes to their positions in SILA. Golden State Wealth Management LLC boosted its stake in shares of Sila Realty Trust by 87.6% during the 4th 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 period. Entrust Financial LLC bought a new stake in Sila Realty Trust in the 4th quarter valued at $29,000. Basepoint Wealth LLC acquired a new stake in Sila Realty Trust during the 4th quarter valued at $30,000. 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 valued at $31,000 after purchasing an additional 585 shares during the last quarter. Finally, Aew Capital Management L P bought a new position in Sila Realty Trust during the fourth quarter worth $42,000.

Sila Realty Trust Stock Performance

Shares of NYSE SILA opened at $30.36 on Friday. The stock has a 50 day moving average price of $30.32 and a 200 day moving average price of $27.55. Sila Realty Trust has a 52 week low of $21.94 and a 52 week high of $30.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $1.68 billion, a PE ratio of 45.31 and a beta of 0.94.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $52.66 million during the quarter, compared to the consensus estimate of $49.77 million. Analysts predict that Sila Realty Trust will post 2.3 earnings per share for the current fiscal year.

Sila Realty Trust Announces Dividend

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

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.