Sila Realty Trust, Inc. (NYSE:SILA) Given Consensus Rating of “Hold” by Analysts

Sila Realty Trust, Inc. (NYSE:SILA) has received an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $29.50.

Several brokerages have recently commented on SILA. BNP Paribas Exane reissued a “neutral” rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings upgraded shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Truist Financial set a $30.00 price target on shares of Sila Realty Trust in a research report on Thursday, June 25th. Finally, Wells Fargo & Company upped their price objective on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st.

Sila Realty Trust Price Performance

SILA stock remained flat at $30.36 during midday trading on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s fifty day moving average is $30.36 and its two-hundred day moving average is $26.63. Sila Realty Trust has a fifty-two week low of $21.94 and a fifty-two week high of $30.63. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 45.31 and a beta of 0.94.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings data 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 net margin of 18.64% and a return on equity of 2.81%. The firm had revenue of $52.66 million during the quarter, compared to analysts’ expectations of $49.77 million. On average, sell-side analysts predict that Sila Realty Trust will post 2.3 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

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

Institutional Investors Weigh In On Sila Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SILA. Empowered Funds LLC bought a new position in Sila Realty Trust in the 1st quarter worth $244,000. Western Wealth Management LLC bought a new stake in Sila Realty Trust during the 1st quarter valued at approximately $94,000. Bank of America Corp DE grew its holdings in shares of Sila Realty Trust by 20.5% during the 1st quarter. Bank of America Corp DE now owns 99,519 shares of the company’s stock worth $2,357,000 after acquiring an additional 16,935 shares during the period. Arkadios Wealth Advisors bought a new position in shares of Sila Realty Trust in the 1st quarter worth approximately $311,000. Finally, Amundi lifted its stake in shares of Sila Realty Trust by 1.7% in the 1st quarter. Amundi now owns 32,926 shares of the company’s stock valued at $780,000 after purchasing an additional 554 shares during the period.

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.