Pensionfund PDN Takes $956,000 Position in Sila Realty Trust, Inc. $SILA

Pensionfund PDN bought a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,000 shares of the company’s stock, valued at approximately $956,000. Pensionfund PDN owned 0.07% of Sila Realty Trust at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. grew its holdings in Sila Realty Trust by 90.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $31,000 after buying an additional 585 shares during the period. United Financial Planning Group LLC purchased a new position in shares of Sila Realty Trust during the 3rd quarter worth about $35,000. Avalon Trust Co acquired a new stake in shares of Sila Realty Trust in the third quarter worth approximately $44,000. Tower Research Capital LLC TRC acquired a new stake in shares of Sila Realty Trust in the second quarter worth approximately $60,000. Finally, Vestcor Inc purchased a new stake in Sila Realty Trust in the third quarter valued at approximately $92,000.

Sila Realty Trust Stock Up 1.9%

Shares of NYSE:SILA opened at $24.03 on Tuesday. The stock has a 50-day simple moving average of $24.81 and a 200-day simple moving average of $24.20. The stock has a market capitalization of $1.33 billion, a P/E ratio of 41.43 and a beta of -0.07. Sila Realty Trust, Inc. has a 1 year low of $21.94 and a 1 year high of $27.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.17.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.46). The business had revenue of $50.70 million during the quarter, compared to analysts’ expectations of $50.26 million. Sila Realty Trust had a net margin of 16.36% and a return on equity of 2.39%. Equities analysts forecast that Sila Realty Trust, Inc. will post 2.23 earnings per share for the current year.

Sila Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Friday, March 6th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Friday, March 6th. Sila Realty Trust’s dividend payout ratio (DPR) is currently 275.86%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SILA shares. Truist Financial set a $28.00 price target on shares of Sila Realty Trust in a research report on Wednesday, March 11th. Wells Fargo & Company lowered their price objective on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Zacks Research upgraded Sila Realty Trust to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sila Realty Trust in a research report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Sila Realty Trust presently has an average rating of “Hold” and an average price target of $26.67.

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. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.