Sila Realty Trust, Inc. (NYSE:SILA) Receives $29.00 Consensus Price Target from Brokerages

Shares of Sila Realty Trust, Inc. (NYSE:SILA) have received an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $29.00.

Several brokerages have recently issued reports on SILA. BNP Paribas Exane restated a “neutral” rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday. Wells Fargo & Company raised their price target on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Truist Financial set a $28.00 price objective on shares of Sila Realty Trust in a research report on Wednesday, March 11th. Freedom Capital lowered Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd.

Hedge Funds Weigh In On Sila Realty Trust

A number of hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC grew its position in 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 valued at $25,000 after acquiring an additional 500 shares during the period. Entrust Financial LLC bought a new stake in Sila Realty Trust during the fourth quarter worth about $29,000. Basepoint Wealth LLC bought a new position in shares of Sila Realty Trust in the fourth quarter valued at approximately $30,000. Newbridge Financial Services Group Inc. grew its position in Sila Realty Trust by 90.4% during the 3rd 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 during the last quarter. Finally, United Financial Planning Group LLC bought a new position in Sila Realty Trust in the 3rd quarter valued at $35,000.

Sila Realty Trust Stock Up 0.0%

NYSE SILA opened at $30.41 on Thursday. The business has a 50 day moving average price of $25.28 and a two-hundred day moving average price of $24.26. Sila Realty Trust has a fifty-two week low of $21.94 and a fifty-two week high of $30.55. The stock has a market cap of $1.68 billion, a PE ratio of 52.42 and a beta of 0.19. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51.

Sila Realty Trust (NYSE:SILA) last released its earnings results on Tuesday, February 24th. The company reported $0.09 earnings per share (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 business had revenue of $50.70 million during the quarter, compared to analyst estimates of $50.26 million. As a group, sell-side analysts predict that Sila Realty Trust will post 2.24 EPS 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend 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%.

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.