Sila Realty Trust (NYSE:SILA) Sees Unusually-High Trading Volume Following Analyst Upgrade

Sila Realty Trust, Inc. (NYSE:SILAGet Free Report) saw unusually-high trading volume on Tuesday after Wells Fargo & Company raised their price target on the stock from $25.00 to $30.00. Wells Fargo & Company currently has an equal weight rating on the stock. Approximately 392,617 shares changed hands during trading, a decline of 16% from the previous session’s volume of 467,633 shares.The stock last traded at $30.3850 and had previously closed at $30.40.

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

Check Out Our Latest Analysis on Sila Realty Trust

Key Headlines Impacting Sila Realty Trust

Here are the key news stories impacting Sila Realty Trust this week:

Hedge Funds Weigh In On Sila Realty Trust

A number of large investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC increased its position in shares of Sila Realty Trust by 87.6% in the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Sila Realty Trust in the fourth quarter worth $29,000. Basepoint Wealth LLC acquired a new stake in shares of Sila Realty Trust in the fourth quarter worth $30,000. Newbridge Financial Services Group Inc. increased its position in shares of Sila Realty Trust by 90.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after acquiring an additional 585 shares in the last quarter. Finally, United Financial Planning Group LLC acquired a new stake in shares of Sila Realty Trust in the third quarter worth $35,000.

Sila Realty Trust Stock Down 0.0%

The firm’s 50-day moving average price is $24.99 and its 200-day moving average price is $24.12. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 52.41 and a beta of 0.19. 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 released its quarterly earnings data on Tuesday, February 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $50.70 million during the quarter, compared to analyst estimates of $50.26 million. Sell-side analysts forecast that Sila Realty Trust, Inc. will post 2.24 earnings per share for the current fiscal year.

Sila Realty Trust Announces Dividend

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

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.

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