Sila Realty Trust (NYSE:SILA) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Sila Realty Trust (NYSE:SILA) released its quarterly earnings results on Friday. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02, FiscalAI reports. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.80%. The firm had revenue of $52.67 million during the quarter, compared to the consensus estimate of $49.77 million.

Sila Realty Trust Trading Down 0.0%

NYSE SILA traded down $0.01 during trading hours on Friday, hitting $30.58. 270,656 shares of the company’s stock were exchanged, compared to its average volume of 1,407,926. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $1.69 billion, a P/E ratio of 45.64 and a beta of 1.01. The business’s 50 day moving average is $25.97 and its 200-day moving average is $24.59. Sila Realty Trust has a 12-month low of $21.94 and a 12-month high of $30.63.

Sila Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.2%. Sila Realty Trust’s payout ratio is 238.81%.

Analysts Set New Price Targets

SILA has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Sila Realty Trust in a report on Friday, March 27th. Wells Fargo & Company raised their target price on Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Freedom Capital lowered shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Truist Financial set a $28.00 price target on shares of Sila Realty Trust in a research note on Wednesday, March 11th. Finally, Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a report on Tuesday, March 3rd. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $29.00.

Institutional Investors Weigh In On Sila Realty Trust

A number of institutional investors have recently added to or reduced their stakes in SILA. Golden State Wealth Management LLC increased its position in shares of Sila Realty Trust by 87.6% in the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Sila Realty Trust by 2.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 20,496 shares of the company’s stock valued at $478,000 after acquiring an additional 529 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Sila Realty Trust by 90.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after purchasing an additional 585 shares during the period. Focus Partners Wealth boosted its position in Sila Realty Trust by 1.6% during the 1st quarter. Focus Partners Wealth now owns 36,902 shares of the company’s stock worth $986,000 after purchasing an additional 585 shares during the period. Finally, Metis Global Partners LLC increased its holdings in Sila Realty Trust by 4.9% in the 4th quarter. Metis Global Partners LLC now owns 13,041 shares of the company’s stock valued at $304,000 after purchasing an additional 605 shares in 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.