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

Sila Realty Trust (NYSE:SILA) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

SILA has been the topic of a number of other reports. Wells Fargo & Company boosted 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 report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Sila Realty Trust in a report on Friday, March 27th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $31.00 price objective (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 note 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. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.00.

Sila Realty Trust Stock Performance

Shares of SILA opened at $30.41 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 52.43 and a beta of 0.19. The stock has a 50 day moving average of $25.08 and a 200 day moving average of $24.17. Sila Realty Trust has a 12 month low of $21.94 and a 12 month high of $30.55.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.46). The business had revenue of $50.70 million during the quarter, compared to analysts’ expectations of $50.26 million. Sila Realty Trust had a return on equity of 2.39% and a net margin of 16.36%. As a group, sell-side analysts forecast that Sila Realty Trust will post 2.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC raised its holdings in Sila Realty Trust by 87.6% during the 4th 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 purchased a new stake in shares of Sila Realty Trust during the fourth quarter worth $29,000. Basepoint Wealth LLC bought a new position in shares of Sila Realty Trust in the fourth quarter worth $30,000. Newbridge Financial Services Group Inc. grew 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 valued at $31,000 after purchasing an additional 585 shares in the last quarter. Finally, United Financial Planning Group LLC purchased a new position in shares of Sila Realty Trust in the third quarter valued at $35,000.

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.