Sila Realty Trust (NYSE:SILA) Cut to “Hold” at Freedom Capital

Freedom Capital downgraded shares of Sila Realty Trust (NYSE:SILA) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on SILA. Weiss Ratings reiterated a “hold (c)” rating on shares of Sila Realty Trust in a research report on Friday, March 27th. Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. BNP Paribas Exane reiterated 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. Truist Financial set a $28.00 target price on shares of Sila Realty Trust in a research report on Wednesday, March 11th. Finally, Wells Fargo & Company lifted their target price on shares of Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Sila Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Sila Realty Trust Price Performance

SILA stock opened at $30.43 on Tuesday. The firm has a 50 day moving average of $25.18 and a 200-day moving average of $24.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. Sila Realty Trust has a 12 month low of $21.94 and a 12 month high of $30.55. The firm has a market capitalization of $1.68 billion, a P/E ratio of 52.46 and a beta of 0.19.

Sila Realty Trust (NYSE:SILA) last released 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 net margin of 16.36% and a return on equity of 2.39%. The firm had revenue of $50.70 million during the quarter, compared to the consensus estimate of $50.26 million. As a group, sell-side analysts predict that Sila Realty Trust will post 2.24 earnings per share for the current fiscal year.

Sila Realty Trust Dividend Announcement

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

Institutional Investors Weigh In On Sila Realty Trust

A number of hedge funds have recently made changes to their positions in SILA. HighPoint Advisor Group LLC increased its stake in shares of Sila Realty Trust by 2.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 17,347 shares of the company’s stock worth $404,000 after buying an additional 412 shares during the period. Golden State Wealth Management LLC increased its stake 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 buying an additional 500 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Sila Realty Trust by 2.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,496 shares of the company’s stock worth $478,000 after buying an additional 529 shares during the period. Focus Partners Wealth increased its stake in shares of Sila Realty Trust by 1.6% in the first quarter. Focus Partners Wealth now owns 36,902 shares of the company’s stock worth $986,000 after buying an additional 585 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its stake 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 buying an additional 585 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.