Sila Realty Trust (NYSE:SILA) Price Target Raised to $30.00 at Wells Fargo & Company

Sila Realty Trust (NYSE:SILAFree Report) had its price objective upped by Wells Fargo & Company from $25.00 to $30.00 in a report published on Tuesday, Marketbeat.com reports. They currently have an equal weight rating on the stock.

A number of other research firms have also commented on SILA. Weiss Ratings restated a “hold (c)” rating on shares of Sila Realty Trust in a research note on Friday, March 27th. Truist Financial set a $28.00 price objective on Sila Realty Trust in a research note on Wednesday, March 11th. BNP Paribas Exane restated a “neutral” rating and set a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday. Finally, Zacks Research upgraded Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Sila Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $29.00.

Check Out Our Latest Research Report on SILA

Sila Realty Trust Stock Performance

SILA opened at $30.40 on Tuesday. The business has a fifty day simple moving average of $24.99 and a 200 day simple moving average of $24.12. The company has a market capitalization of $1.68 billion, a PE ratio of 52.41 and a beta of 0.19. Sila Realty Trust has a 1 year low of $21.94 and a 1 year high of $30.55. 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:SILAGet Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.46). Sila Realty Trust had a return on equity of 2.39% and a net margin of 16.36%.The company had revenue of $50.70 million for the quarter, compared to the consensus estimate of $50.26 million. Research analysts expect that Sila Realty Trust will post 2.24 EPS for the current year.

Sila Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Friday, March 6th were paid a $0.40 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 5.3%. Sila Realty Trust’s dividend payout ratio (DPR) is presently 275.86%.

Hedge Funds Weigh In On Sila Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of SILA. Golden State Wealth Management LLC increased its stake in shares of Sila Realty Trust by 87.6% in the 4th quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Entrust Financial LLC bought a new position in shares of Sila Realty Trust in the 4th quarter valued at $29,000. Basepoint Wealth LLC bought a new position in shares of Sila Realty Trust in the 4th quarter valued at $30,000. Newbridge Financial Services Group Inc. increased its stake in shares of Sila Realty Trust by 90.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $31,000 after purchasing an additional 585 shares during the last quarter. Finally, United Financial Planning Group LLC bought a new position in shares of Sila Realty Trust in the 3rd quarter valued at $35,000.

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About Sila Realty Trust

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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.

Further Reading

Analyst Recommendations for Sila Realty Trust (NYSE:SILA)

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