Independent Financial Group LLC Makes New $549,000 Investment in Sila Realty Trust, Inc. $SILA

Independent Financial Group LLC bought a new position in Sila Realty Trust, Inc. (NYSE:SILA) during the first quarter, Holdings Channel.com reports. The institutional investor bought 23,194 shares of the company’s stock, valued at approximately $549,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. HighPoint Advisor Group LLC grew its position in shares of Sila Realty Trust by 2.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 17,347 shares of the company’s stock valued at $404,000 after purchasing an additional 412 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Sila Realty Trust by 87.6% during the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Sila Realty Trust by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,496 shares of the company’s stock worth $478,000 after buying an additional 529 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in 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 worth $31,000 after buying an additional 585 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Sila Realty Trust by 1.6% during the first quarter. Focus Partners Wealth now owns 36,902 shares of the company’s stock worth $986,000 after buying an additional 585 shares during the last quarter.

Sila Realty Trust Stock Performance

SILA opened at $30.36 on Thursday. 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 45.31 and a beta of 0.94. The business’s 50 day moving average price is $30.33 and its 200 day moving average price is $27.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27.

Sila Realty Trust (NYSE:SILA) last posted its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $52.66 million during the quarter, compared to analysts’ expectations of $49.77 million. As a group, equities research analysts expect that Sila Realty Trust, Inc. will post 2.3 EPS for the current year.

Sila Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SILA. 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 report on Tuesday, April 21st. Freedom Capital lowered Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings raised shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, BNP Paribas Exane restated a “neutral” rating and set a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.50.

Sila Realty Trust 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.