Sila Realty Trust, Inc. (NYSE:SILA) Given Consensus Recommendation of “Hold” by Analysts

Sila Realty Trust, Inc. (NYSE:SILA) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $29.00.

SILA has been the topic of several analyst reports. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Zacks Research raised Sila Realty Trust to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings raised Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wall Street Zen cut Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Truist Financial set a $28.00 price objective on Sila Realty Trust in a report on Wednesday, March 11th.

Sila Realty Trust Stock Down 0.1%

Shares of Sila Realty Trust stock opened at $30.27 on Friday. 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 stock has a market capitalization of $1.67 billion, a PE ratio of 45.18 and a beta of 0.94. Sila Realty Trust has a 52-week low of $21.94 and a 52-week high of $30.63. The company has a 50-day simple moving average of $28.84 and a two-hundred day simple moving average of $25.78.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings results 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%. On average, analysts anticipate that Sila Realty Trust will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Dividend Announcement

The business 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio (DPR) is presently 238.81%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SILA. Western Wealth Management LLC purchased a new stake in Sila Realty Trust in the first quarter worth approximately $94,000. Bank of America Corp DE grew its position in Sila Realty Trust by 20.5% in the 1st quarter. Bank of America Corp DE now owns 99,519 shares of the company’s stock worth $2,357,000 after purchasing an additional 16,935 shares during the period. Arkadios Wealth Advisors purchased a new stake in Sila Realty Trust during the 1st quarter valued at $311,000. Amundi lifted its holdings in shares of Sila Realty Trust by 1.7% during the 1st quarter. Amundi now owns 32,926 shares of the company’s stock valued at $780,000 after buying an additional 554 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Sila Realty Trust during the 1st quarter valued at $244,000.

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.