Sila Realty Trust (NYSE:SILA) Announces Earnings Results

Sila Realty Trust (NYSE:SILA) released its quarterly earnings data on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.46), FiscalAI reports. The business had revenue of $50.70 million for the quarter, compared to analyst estimates of $50.26 million. Sila Realty Trust had a return on equity of 2.37% and a net margin of 16.36%.

Sila Realty Trust Trading Down 0.5%

Shares of SILA stock traded down $0.15 on Thursday, reaching $26.25. 68,493 shares of the stock were exchanged, compared to its average volume of 352,093. Sila Realty Trust has a 1-year low of $21.94 and a 1-year high of $27.50. The stock has a market cap of $1.45 billion, a P/E ratio of 45.25 and a beta of -0.02. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $24.24 and a two-hundred day moving average of $24.21.

Sila Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. Sila Realty Trust’s payout ratio is currently 231.88%.

Hedge Funds Weigh In On Sila Realty Trust

A number of large investors have recently modified their holdings of SILA. Metis Global Partners LLC boosted its position in shares of Sila Realty Trust by 4.9% in the fourth quarter. Metis Global Partners LLC now owns 13,041 shares of the company’s stock worth $304,000 after buying an additional 605 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Sila Realty Trust in the third quarter worth $256,000. Russell Investments Group Ltd. raised its holdings in Sila Realty Trust by 36.4% in the fourth quarter. Russell Investments Group Ltd. now owns 10,730 shares of the company’s stock valued at $250,000 after acquiring an additional 2,861 shares in the last quarter. M&G PLC bought a new position in Sila Realty Trust during the 4th quarter valued at $230,000. Finally, Alps Advisors Inc. acquired a new position in Sila Realty Trust during the 4th quarter worth $223,000.

Analysts Set New Price Targets

SILA has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sila Realty Trust in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.67.

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.