Sila Realty Trust (NYSE:SILA) Upgraded at Zacks Research

Zacks Research upgraded shares of Sila Realty Trust (NYSE:SILA) to a hold rating in a research note published on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on SILA. Wells Fargo & Company decreased their price target on Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Sila Realty Trust in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Sila Realty Trust presently has an average rating of “Hold” and an average target price of $26.67.

Sila Realty Trust Stock Performance

SILA opened at $25.08 on Tuesday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 43.24 and a beta of -0.07. The business’s 50-day moving average price is $24.53 and its two-hundred day moving average price is $24.24. Sila Realty Trust has a 1 year low of $21.94 and a 1 year high of $27.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 1.17.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.46). The business had revenue of $50.70 million for the quarter, compared to the consensus estimate of $50.26 million. Sila Realty Trust had a return on equity of 2.39% and a net margin of 16.36%. Equities analysts expect that Sila Realty Trust will post 2.23 EPS for the current fiscal year.

Sila Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Friday, March 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, March 6th. Sila Realty Trust’s payout ratio is 275.86%.

Institutional Trading of Sila Realty Trust

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. bought a new stake in shares of Sila Realty Trust during the 3rd quarter valued at about $1,081,000. Thrivent Financial for Lutherans lifted its stake in Sila Realty Trust by 60.0% in the second quarter. Thrivent Financial for Lutherans now owns 98,869 shares of the company’s stock valued at $2,340,000 after buying an additional 37,058 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of Sila Realty Trust by 8.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,531,194 shares of the company’s stock worth $59,913,000 after buying an additional 202,976 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sila Realty Trust during the 2nd quarter worth approximately $681,000. Finally, Rhumbline Advisers grew its position in shares of Sila Realty Trust by 709.9% during the 2nd quarter. Rhumbline Advisers now owns 94,767 shares of the company’s stock worth $2,243,000 after buying an additional 83,066 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.