Victory Capital Management Inc. Grows Stock Holdings in Sila Realty Trust, Inc. $SILA

Victory Capital Management Inc. grew its position in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 8.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 986,934 shares of the company’s stock after purchasing an additional 74,355 shares during the period. Victory Capital Management Inc. owned about 1.79% of Sila Realty Trust worth $24,772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Sila Realty Trust by 14.8% during the 1st quarter. Royal Bank of Canada now owns 80,249 shares of the company’s stock valued at $2,143,000 after buying an additional 10,336 shares in the last quarter. Amundi boosted its stake in Sila Realty Trust by 2.1% in the first quarter. Amundi now owns 32,203 shares of the company’s stock worth $869,000 after buying an additional 664 shares in the last quarter. Millennium Management LLC boosted its stake in Sila Realty Trust by 114.4% in the first quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock worth $16,216,000 after buying an additional 323,917 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Sila Realty Trust by 10.0% during the first quarter. Goldman Sachs Group Inc. now owns 253,075 shares of the company’s stock valued at $6,760,000 after acquiring an additional 22,960 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Sila Realty Trust by 45.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,093 shares of the company’s stock worth $6,359,000 after acquiring an additional 74,307 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SILA. Weiss Ratings restated a “hold (c)” rating on shares of Sila Realty Trust in a report on Monday, December 29th. Wells Fargo & Company decreased their target price on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Finally, Zacks Research raised shares of Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.67.

Sila Realty Trust Price Performance

Shares of Sila Realty Trust stock opened at $24.40 on Tuesday. 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, Inc. has a one year low of $21.94 and a one year high of $27.50. The business’s 50 day simple moving average is $24.58 and its two-hundred day simple moving average is $24.23. The stock has a market capitalization of $1.35 billion, a P/E ratio of 42.06 and a beta of -0.07.

Sila Realty Trust (NYSE:SILA) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.09 earnings per share 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 company had revenue of $50.70 million for the quarter, compared to analysts’ expectations of $50.26 million. Analysts forecast that Sila Realty Trust, Inc. will post 2.23 EPS for the current year.

Sila Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 6.6%. Sila Realty Trust’s dividend payout ratio 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.