Sila Realty Trust, Inc. $SILA Position Raised by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. raised its position in Sila Realty Trust, Inc. (NYSE:SILA) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,255,395 shares of the company’s stock after purchasing an additional 120,007 shares during the period. Sila Realty Trust accounts for 1.7% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 9th largest holding. Punch & Associates Investment Management Inc. owned approximately 2.28% of Sila Realty Trust worth $29,263,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new position in shares of Sila Realty Trust in the 3rd quarter valued at $1,081,000. Segall Bryant & Hamill LLC purchased a new position in shares of Sila Realty Trust in the 3rd quarter valued at $1,095,000. JPMorgan Chase & Co. grew its position in shares of Sila Realty Trust by 80.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,264 shares of the company’s stock valued at $5,554,000 after buying an additional 98,662 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Sila Realty Trust by 21.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 236,344 shares of the company’s stock valued at $5,932,000 after buying an additional 41,127 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Sila Realty Trust by 8.1% in the 3rd quarter. Victory Capital Management Inc. now owns 986,934 shares of the company’s stock valued at $24,772,000 after buying an additional 74,355 shares during the last quarter.

Sila Realty Trust Stock Up 0.1%

SILA stock opened at $30.32 on Wednesday. Sila Realty Trust, Inc. has a one year low of $21.94 and a one year high of $30.63. The stock has a market capitalization of $1.68 billion, a PE ratio of 45.25 and a beta of 0.94. 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 company has a fifty day moving average of $29.23 and a 200-day moving average of $25.92.

Sila Realty Trust (NYSE:SILA) last released its earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. The company had revenue of $52.67 million during the quarter, compared to analysts’ expectations of $49.77 million. As a group, analysts expect that Sila Realty Trust, Inc. will post 2.24 EPS for the current year.

Sila Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were paid a $0.40 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.60 annualized dividend and a dividend yield of 5.3%. Sila Realty Trust’s dividend payout ratio (DPR) is 238.81%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Zacks Research raised shares of Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Freedom Capital downgraded shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report 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. Finally, Wells Fargo & Company raised their price objective on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock 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.