Midwest Trust Co Takes Position in Sila Realty Trust, Inc. $SILA

Midwest Trust Co purchased a new stake in Sila Realty Trust, Inc. (NYSE:SILA) in the 2nd quarter, HoldingsChannel reports. The fund purchased 9,078 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in Sila Realty Trust during the 1st quarter worth approximately $215,000. Bank of New York Mellon Corp boosted its position in shares of Sila Realty Trust by 132.2% in the first quarter. Bank of New York Mellon Corp now owns 42,928 shares of the company’s stock worth $1,147,000 after buying an additional 24,438 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Sila Realty Trust by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 189,922 shares of the company’s stock worth $5,073,000 after buying an additional 11,477 shares during the period. Cerity Partners LLC grew its holdings in shares of Sila Realty Trust by 38.7% during the first quarter. Cerity Partners LLC now owns 21,142 shares of the company’s stock valued at $565,000 after buying an additional 5,900 shares in the last quarter. Finally, Arizona State Retirement System purchased a new position in shares of Sila Realty Trust during the first quarter valued at $421,000.

Sila Realty Trust Stock Performance

Shares of NYSE SILA opened at $23.46 on Friday. The business’s 50-day moving average price is $24.35 and its two-hundred day moving average price is $24.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 1.22. Sila Realty Trust, Inc. has a one year low of $22.52 and a one year high of $27.50. The company has a market capitalization of $1.29 billion, a P/E ratio of 34.00 and a beta of -0.04.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.33). The firm had revenue of $49.85 million for the quarter, compared to analysts’ expectations of $49.73 million. Sila Realty Trust had a return on equity of 2.80% and a net margin of 19.86%. Analysts anticipate that Sila Realty Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

Sila Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SILA. Wells Fargo & Company started coverage on Sila Realty Trust in a research note on Tuesday, September 23rd. They issued an “equal weight” rating and a $27.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sila Realty Trust in a report on Wednesday, October 8th. Finally, Wolfe Research assumed coverage on shares of Sila Realty Trust in a research report on Monday, October 20th. They issued a “peer perform” rating and a $27.00 price target for the company. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.33.

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.