Sila Realty Trust (NYSE:SILA) Price Target Raised to $30.00

Sila Realty Trust (NYSE:SILA) had its target price boosted by Wells Fargo & Company from $25.00 to $30.00 in a report issued on Tuesday, Marketbeat reports. They currently have an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. BNP Paribas Exane reissued a “neutral” rating and set a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday. Truist Financial set a $28.00 price target on Sila Realty Trust in a research report on Wednesday, March 11th. Zacks Research raised Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sila Realty Trust in a research report on Friday, March 27th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.00.

Sila Realty Trust Stock Performance

Sila Realty Trust stock opened at $30.43 on Tuesday. The stock’s 50 day moving average price is $25.18 and its 200 day moving average price is $24.21. The firm has a market capitalization of $1.68 billion, a PE ratio of 52.46 and a beta of 0.19. 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 has a one year low of $21.94 and a one year high of $30.55.

Sila Realty Trust (NYSE:SILA) last released 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 company 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 2.39% and a net margin of 16.36%. As a group, sell-side analysts expect that Sila Realty Trust will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Friday, March 6th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 5.3%. Sila Realty Trust’s payout ratio is currently 275.86%.

Institutional Investors Weigh In On Sila Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Silver Oak Securities Incorporated increased its holdings in Sila Realty Trust by 31.0% during the 1st quarter. Silver Oak Securities Incorporated now owns 2,773 shares of the company’s stock worth $66,000 after purchasing an additional 656 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Sila Realty Trust by 23.6% during the 4th quarter. Hsbc Holdings PLC now owns 92,404 shares of the company’s stock worth $2,154,000 after purchasing an additional 17,658 shares during the last quarter. World Investment Advisors purchased a new stake in Sila Realty Trust during the 4th quarter worth approximately $482,000. Invesco Ltd. increased its holdings in Sila Realty Trust by 111.9% during the 4th 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 last quarter. Finally, Ameriflex Group Inc. increased its holdings in Sila Realty Trust by 10.2% during the 4th quarter. Ameriflex Group Inc. now owns 9,122 shares of the company’s stock worth $213,000 after purchasing an additional 846 shares during the last quarter.

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