Sila Realty Trust (NYSE:SILA) Releases Earnings Results, Misses Estimates By $0.46 EPS

Sila Realty Trust (NYSE:SILA) released its quarterly earnings data on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.46), FiscalAI reports. The company had revenue of $50.70 million for the quarter, compared to the consensus estimate of $50.26 million. Sila Realty Trust had a return on equity of 2.80% and a net margin of 19.86%.

Sila Realty Trust Stock Down 0.3%

Shares of NYSE SILA traded down $0.08 during midday trading on Tuesday, hitting $25.52. The stock had a trading volume of 461,902 shares, compared to its average volume of 358,928. The business’s 50 day moving average is $24.14 and its 200-day moving average is $24.19. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.50. Sila Realty Trust has a 52 week low of $21.94 and a 52 week high of $27.50. The company has a market cap of $1.41 billion, a P/E ratio of 36.99 and a beta of -0.02.

Wall Street Analysts Forecast Growth

SILA has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Sila Realty Trust in a research note on Monday, December 29th. Wells Fargo & Company reduced their price objective on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sila Realty Trust presently has an average rating of “Hold” and a consensus target price of $26.67.

Hedge Funds Weigh In On Sila Realty Trust

Institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC lifted 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 valued at $25,000 after acquiring an additional 500 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Sila Realty Trust by 90.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $31,000 after buying an additional 585 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Sila Realty Trust in the 2nd quarter valued at $60,000. Vestcor Inc bought a new position in shares of Sila Realty Trust in the third quarter worth about $92,000. Finally, Federation des caisses Desjardins du Quebec increased its position in shares of Sila Realty Trust by 26.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,425 shares of the company’s stock worth $103,000 after acquiring an additional 935 shares during the period.

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.