Sila Realty Trust (NYSE:SILA) Stock Price Up 0.4% – Here’s Why

Sila Realty Trust, Inc. (NYSE:SILA)’s stock price traded up 0.4% during trading on Monday . The stock traded as high as $24.02 and last traded at $23.9640. 265,260 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 332,912 shares. The stock had previously closed at $23.86.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Sila Realty Trust in a research note on Monday, December 29th. Wells Fargo & Company dropped their price target on Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Finally, Wolfe Research started coverage on shares of Sila Realty Trust in a research report on Monday, October 20th. They set a “peer perform” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Sila Realty Trust presently has a consensus rating of “Hold” and an average target price of $26.67.

Sila Realty Trust Stock Up 0.4%

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.32 billion, a P/E ratio of 34.73 and a beta of -0.02. The firm has a 50 day simple moving average of $23.42 and a two-hundred day simple moving average of $24.17.

Sila Realty Trust (NYSE:SILA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.33). The business had revenue of $49.85 million for the quarter, compared to the consensus estimate of $49.73 million. Sila Realty Trust had a return on equity of 2.80% and a net margin of 19.86%. On average, equities research analysts expect that Sila Realty Trust, Inc. will post 2.23 earnings per share for the current year.

Sila Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, November 20th. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. Sila Realty Trust’s dividend payout ratio is 231.88%.

Institutional Investors Weigh In On Sila Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of SILA. PFG Investments LLC increased its holdings in Sila Realty Trust by 52.4% in the 4th quarter. PFG Investments LLC now owns 64,017 shares of the company’s stock worth $1,492,000 after purchasing an additional 22,005 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Sila Realty Trust by 57.4% during the fourth quarter. Farther Finance Advisors LLC now owns 13,198 shares of the company’s stock worth $308,000 after purchasing an additional 4,814 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Sila Realty Trust by 19.6% during the fourth quarter. State of Alaska Department of Revenue now owns 32,281 shares of the company’s stock worth $751,000 after purchasing an additional 5,295 shares during the period. Brookwood Investment Group LLC increased its holdings in Sila Realty Trust by 10.8% in the fourth quarter. Brookwood Investment Group LLC now owns 16,168 shares of the company’s stock valued at $377,000 after purchasing an additional 1,576 shares during the period. Finally, Synergy Asset Management LLC bought a new position in Sila Realty Trust during the 4th quarter worth $302,000.

About Sila Realty Trust

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.