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

Shares of Sila Realty Trust, Inc. (NYSE:SILA) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $29.00.

A number of equities research analysts recently commented on SILA shares. Zacks Research raised shares of Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings raised Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their target price on 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 lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Truist Financial set a $28.00 target price on Sila Realty Trust in a research note on Wednesday, March 11th.

Sila Realty Trust Stock Performance

NYSE SILA opened at $30.56 on Monday. Sila Realty Trust has a 1-year low of $21.94 and a 1-year high of $30.63. The company has a market capitalization of $1.69 billion, a P/E ratio of 45.61 and a beta of 1.01. The business has a 50 day moving average price of $26.54 and a 200 day moving average price of $24.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $52.67 million for the quarter, compared to analysts’ expectations of $49.77 million. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. Sell-side analysts expect that Sila Realty Trust will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Sila Realty Trust by 133,106.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,817,893 shares of the company’s stock worth $182,235,000 after acquiring an additional 7,812,024 shares during the period. Vanguard Group Inc. grew its stake in Sila Realty Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,614,395 shares of the company’s stock worth $130,872,000 after acquiring an additional 43,538 shares during the period. Punch & Associates Investment Management Inc. grew its stake in Sila Realty Trust by 7.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,510 shares of the company’s stock worth $31,909,000 after acquiring an additional 92,115 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Sila Realty Trust by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,003,144 shares of the company’s stock worth $23,383,000 after acquiring an additional 32,965 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Sila Realty Trust by 8.1% in the 3rd quarter. Victory Capital Management Inc. now owns 986,934 shares of the company’s stock worth $24,772,000 after acquiring an additional 74,355 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.