Brokerages Set Sila Realty Trust, Inc. (NYSE:SILA) PT at $29.00

Sila Realty Trust, Inc. (NYSE:SILA) has been assigned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $29.00.

A number of brokerages have issued reports on SILA. Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. BNP Paribas Exane restated a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Freedom Capital lowered shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company upped their target price on shares of Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st.

Sila Realty Trust Stock Performance

Shares of SILA opened at $30.31 on Friday. The business’s 50 day moving average is $29.49 and its two-hundred day moving average is $26.01. Sila Realty Trust has a 52-week low of $21.94 and a 52-week high of $30.63. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 45.23 and a beta of 0.94. 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 (NYSE:SILA) last announced its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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. Analysts forecast that Sila Realty Trust will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

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

Institutional Investors Weigh In On Sila Realty Trust

Several institutional investors and hedge funds have recently 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 acquiring an additional 500 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Sila Realty Trust during the 4th quarter valued at approximately $29,000. Basepoint Wealth LLC acquired a new stake in shares of Sila Realty Trust during the 4th quarter valued at approximately $30,000. Newbridge Financial Services Group Inc. raised its position in shares of 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 valued at $31,000 after acquiring an additional 585 shares in the last quarter. Finally, United Financial Planning Group LLC acquired a new stake in shares of Sila Realty Trust during the 3rd quarter valued at approximately $35,000.

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.