Punch & Associates Investment Management Inc. Purchases 92,115 Shares of Sila Realty Trust, Inc. $SILA

Punch & Associates Investment Management Inc. grew its position in Sila Realty Trust, Inc. (NYSE:SILA) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,347,510 shares of the company’s stock after buying an additional 92,115 shares during the period. Sila Realty Trust accounts for approximately 1.8% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 7th largest position. Punch & Associates Investment Management Inc.’s holdings in Sila Realty Trust were worth $31,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SILA. Golden State Wealth Management LLC raised its position in shares of Sila Realty Trust by 87.6% during the 4th quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. Entrust Financial LLC purchased a new position in Sila Realty Trust in the fourth quarter worth approximately $29,000. Basepoint Wealth LLC acquired a new stake in Sila Realty Trust during the fourth quarter worth $30,000. Newbridge Financial Services Group Inc. increased its stake in Sila Realty Trust by 90.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after acquiring an additional 585 shares during the last quarter. Finally, Aew Capital Management L P purchased a new stake in Sila Realty Trust in the fourth quarter valued at $42,000.

Wall Street Analysts Forecast Growth

SILA has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Truist Financial set a $30.00 target price on shares of Sila Realty Trust in a research report on Thursday, June 25th. Freedom Capital cut shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings raised shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.50.

Sila Realty Trust Stock Performance

Shares of SILA opened at $30.36 on Friday. The stock has a 50-day simple moving average of $30.32 and a 200-day simple moving average of $27.30. The stock has a market capitalization of $1.68 billion, a PE ratio of 45.31 and a beta of 0.94. Sila Realty Trust, Inc. has a 1 year low of $21.94 and a 1 year high of $30.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. The company had revenue of $52.66 million during the quarter, compared to the consensus estimate of $49.77 million. On average, analysts predict that Sila Realty Trust, Inc. will post 2.3 earnings per share for the current fiscal year.

Sila Realty Trust Announces Dividend

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

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.