Sila Realty Trust, Inc. $SILA Stake Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 195,217 shares of the company’s stock after buying an additional 5,295 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Sila Realty Trust were worth $4,621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SILA. Millennium Management LLC increased its position 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 valued at $16,216,000 after purchasing an additional 323,917 shares during the period. Allianz Asset Management GmbH acquired a new position in Sila Realty Trust during the second quarter worth about $7,662,000. Jane Street Group LLC raised its position in Sila Realty Trust by 25,141.8% in the first quarter. Jane Street Group LLC now owns 224,904 shares of the company’s stock worth $6,007,000 after acquiring an additional 224,013 shares in the last quarter. WPG Advisers LLC acquired a new stake in Sila Realty Trust in the 1st quarter valued at about $4,291,000. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of Sila Realty Trust by 14.5% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,064,088 shares of the company’s stock valued at $28,422,000 after purchasing an additional 134,454 shares in the last quarter.

Sila Realty Trust Price Performance

NYSE SILA opened at $23.46 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 34.00 and a beta of -0.04. The company has a 50 day simple moving average of $24.35 and a 200-day simple moving average of $24.63. Sila Realty Trust, Inc. has a 52-week low of $22.52 and a 52-week high of $27.50.

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

Sila Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Sila Realty Trust Company 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.