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

Shares of Sila Realty Trust, Inc. (NYSE:SILA) have been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $29.00.

Several research firms have issued reports on SILA. BNP Paribas Exane reissued a “neutral” rating and issued a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Weiss Ratings raised Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Zacks Research raised Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen downgraded Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Truist Financial set a $28.00 price target on Sila Realty Trust in a research note on Wednesday, March 11th.

Hedge Funds Weigh In On Sila Realty Trust

Several hedge funds have recently modified their holdings of SILA. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sila Realty Trust by 133,106.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,817,893 shares of the company’s stock valued at $182,235,000 after acquiring an additional 7,812,024 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Sila Realty Trust by 114.4% in the 1st quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock valued at $16,216,000 after acquiring an additional 323,917 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Sila Realty Trust by 25,141.8% in the 1st quarter. Jane Street Group LLC now owns 224,904 shares of the company’s stock valued at $6,007,000 after acquiring an additional 224,013 shares in the last quarter. Invesco Ltd. grew its holdings in Sila Realty Trust by 111.9% during the fourth quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock worth $9,735,000 after purchasing an additional 220,543 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in Sila Realty Trust by 33.5% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 771,571 shares of the company’s stock worth $17,985,000 after purchasing an additional 193,466 shares during the period.

Sila Realty Trust Stock Performance

SILA opened at $30.32 on Friday. The business’s 50-day moving average price is $29.23 and its two-hundred day moving average price is $25.92. Sila Realty Trust has a 1 year low of $21.94 and a 1 year high of $30.63. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 45.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27.

Sila Realty Trust (NYSE:SILA) last released its quarterly earnings results on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $52.67 million for the quarter, compared to the consensus estimate of $49.77 million. Equities analysts expect that Sila Realty Trust will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were paid a $0.40 dividend. The ex-dividend date of this dividend 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 currently 238.81%.

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.