Huber Capital Management LLC Sells 52,995 Shares of Sila Realty Trust, Inc. $SILA

Huber Capital Management LLC trimmed its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 64.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,668 shares of the company’s stock after selling 52,995 shares during the quarter. Huber Capital Management LLC’s holdings in Sila Realty Trust were worth $692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SILA. Royal Bank of Canada boosted its holdings in shares of Sila Realty Trust by 14.8% during the 1st quarter. Royal Bank of Canada now owns 80,249 shares of the company’s stock worth $2,143,000 after buying an additional 10,336 shares in the last quarter. Amundi boosted its holdings in shares of Sila Realty Trust by 2.1% during the 1st quarter. Amundi now owns 32,203 shares of the company’s stock worth $869,000 after buying an additional 664 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Sila Realty Trust by 114.4% during the 1st quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock worth $16,216,000 after buying an additional 323,917 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Sila Realty Trust by 10.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 253,075 shares of the company’s stock worth $6,760,000 after buying an additional 22,960 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Sila Realty Trust by 45.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,093 shares of the company’s stock worth $6,359,000 after buying an additional 74,307 shares in the last quarter.

Wall Street Analyst Weigh In

SILA has been the topic of a number of research analyst reports. Weiss Ratings upgraded Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Truist Financial set a $28.00 target price on Sila Realty Trust in a research report on Wednesday, March 11th. Wells Fargo & Company upped their target price on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.00.

Sila Realty Trust Price Performance

Shares of NYSE:SILA opened at $30.29 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.52. Sila Realty Trust, Inc. has a twelve month low of $21.94 and a twelve month high of $30.63. The stock’s 50 day moving average is $28.97 and its 200-day moving average is $25.81. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 45.20 and a beta of 0.94.

Sila Realty Trust (NYSE:SILA) last issued its earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $52.67 million for the quarter, compared to analyst estimates of $49.77 million. Sell-side analysts forecast that Sila Realty Trust, Inc. will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is presently 238.81%.

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.