Sila Realty Trust (NYSE:SILA) Issues Earnings Results

Sila Realty Trust (NYSE:SILA) issued its quarterly earnings results on Tuesday. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02, Zacks reports. Sila Realty Trust had a net margin of 20.43% and a return on equity of 2.80%.

Sila Realty Trust Stock Performance

SILA stock traded up $0.30 during midday trading on Tuesday, hitting $23.83. The company’s stock had a trading volume of 376,598 shares, compared to its average volume of 264,899. The stock’s 50-day moving average price is $24.57 and its 200 day moving average price is $24.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. Sila Realty Trust has a 1 year low of $22.52 and a 1 year high of $27.50. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 10.79 and a beta of -0.04.

Sila Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Thursday, August 21st. Sila Realty Trust’s payout ratio is presently 231.88%.

Hedge Funds Weigh In On Sila Realty Trust

Several institutional investors have recently bought and sold shares of SILA. Tower Research Capital LLC TRC bought a new position in shares of Sila Realty Trust in the second quarter worth approximately $60,000. BNP Paribas Financial Markets purchased a new position in Sila Realty Trust in the 2nd quarter worth approximately $111,000. Corient Private Wealth LLC purchased a new position in Sila Realty Trust in the 2nd quarter worth approximately $337,000. Sei Investments Co. purchased a new position in Sila Realty Trust in the 2nd quarter worth approximately $353,000. Finally, State of Wyoming grew its stake in Sila Realty Trust by 606.3% in the 2nd quarter. State of Wyoming now owns 15,213 shares of the company’s stock worth $360,000 after buying an additional 13,059 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Sila Realty Trust in a research note on Wednesday, October 8th. Wolfe Research assumed coverage on Sila Realty Trust in a research report on Monday, October 20th. They set a “peer perform” rating and a $27.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on Sila Realty Trust in a report on Tuesday, September 23rd. They issued an “equal weight” rating and a $27.00 target price for the company. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.33.

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.