M&G PLC Invests $193,000 in Sila Realty Trust, Inc. $SILA

M&G PLC bought a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,061 shares of the company’s stock, valued at approximately $193,000.

Several other institutional investors also recently bought and sold shares of the stock. McElhenny Sheffield Capital Management LLC purchased a new stake in Sila Realty Trust in the 2nd quarter worth approximately $35,000. Amalgamated Bank purchased a new position in shares of Sila Realty Trust during the 2nd quarter valued at approximately $45,000. Avalon Trust Co acquired a new position in shares of Sila Realty Trust in the 1st quarter valued at $47,000. Anchor Investment Management LLC boosted its holdings in Sila Realty Trust by 81.4% during the first quarter. Anchor Investment Management LLC now owns 5,184 shares of the company’s stock worth $138,000 after buying an additional 2,327 shares in the last quarter. Finally, Choreo LLC purchased a new stake in Sila Realty Trust during the first quarter worth $203,000.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SILA shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sila Realty Trust in a report on Wednesday, October 8th. Wells Fargo & Company started coverage on shares of Sila Realty Trust in a research note on Tuesday, September 23rd. They set an “equal weight” rating and a $27.00 target price on the stock. Finally, Wolfe Research initiated coverage on Sila Realty Trust in a research report on Monday, October 20th. They set a “peer perform” rating and a $27.00 target price on the stock. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.33.

Sila Realty Trust Price Performance

Shares of NYSE SILA opened at $23.46 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a fifty day moving average of $24.35 and a 200 day moving average of $24.63. The firm has a market cap of $1.29 billion, a PE ratio of 34.00 and a beta of -0.04. Sila Realty Trust, Inc. has a one year low of $22.52 and a one year high of $27.50.

Sila Realty Trust (NYSE:SILA) last announced its earnings results on Tuesday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.33). The company had revenue of $49.85 million during the quarter, compared to analyst estimates of $49.73 million. Sila Realty Trust had a net margin of 19.86% and a return on equity of 2.80%. As a group, research analysts predict that Sila Realty Trust, Inc. will post 2.23 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, November 20th. Sila Realty Trust’s payout ratio is 231.88%.

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.