Sila Realty Trust (NYSE:SILA) Announces Earnings Results, Beats Expectations By $0.02 EPS

Sila Realty Trust (NYSE:SILA) posted its earnings results on Friday. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02, FiscalAI reports. Sila Realty Trust had a return on equity of 2.80% and a net margin of 18.64%.The business had revenue of $52.67 million during the quarter, compared to analysts’ expectations of $49.77 million.

Sila Realty Trust Stock Down 0.0%

Shares of NYSE SILA traded down $0.01 during trading hours on Friday, hitting $30.58. The company had a trading volume of 270,656 shares, compared to its average volume of 1,407,926. The stock has a market capitalization of $1.69 billion, a P/E ratio of 45.64 and a beta of 1.01. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. Sila Realty Trust has a 1-year low of $21.94 and a 1-year high of $30.63. The firm’s 50 day moving average is $25.97 and its 200-day moving average is $24.59.

Sila Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is presently 238.81%.

Institutional Investors Weigh In On Sila Realty Trust

Several large investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in shares of Sila Realty Trust by 111.9% in the 4th quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock valued at $9,735,000 after buying an additional 220,543 shares during the last quarter. Ameriflex Group Inc. boosted its holdings in shares of Sila Realty Trust by 10.2% in the 4th quarter. Ameriflex Group Inc. now owns 9,122 shares of the company’s stock valued at $213,000 after buying an additional 846 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Sila Realty Trust by 8.7% in the 4th quarter. Mackenzie Financial Corp now owns 19,490 shares of the company’s stock valued at $453,000 after buying an additional 1,566 shares during the last quarter. SummitTX Capital L.P. boosted its holdings in shares of Sila Realty Trust by 17.5% in the 4th quarter. SummitTX Capital L.P. now owns 102,600 shares of the company’s stock valued at $2,392,000 after buying an additional 15,263 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Sila Realty Trust by 14.6% in the 4th quarter. Millennium Management LLC now owns 749,944 shares of the company’s stock valued at $17,481,000 after buying an additional 95,761 shares during the last quarter.

Wall Street Analyst Weigh In

SILA has been the subject of a number of research reports. Zacks Research raised Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. BNP Paribas Exane reiterated a “neutral” rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Sila Realty Trust in a report on Friday, March 27th. Truist Financial set a $28.00 price objective on shares of Sila Realty Trust in a report on Wednesday, March 11th. Finally, Freedom Capital downgraded shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.00.

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.