William Blair Investment Management LLC lessened its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA – Free Report) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 980,180 shares of the company’s stock after selling 101,942 shares during the period. William Blair Investment Management LLC owned approximately 1.78% of Sila Realty Trust worth $22,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Entrust Financial LLC purchased a new position in shares of Sila Realty Trust during the fourth quarter worth $29,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Sila Realty Trust by 90.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after purchasing an additional 585 shares during the last quarter. United Financial Planning Group LLC purchased a new position in shares of Sila Realty Trust during the third quarter worth $35,000. Aew Capital Management L P purchased a new position in shares of Sila Realty Trust during the fourth quarter worth $42,000. Finally, Avalon Trust Co purchased a new position in shares of Sila Realty Trust during the third quarter worth $44,000.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Truist Financial set a $28.00 target price on shares of Sila Realty Trust in a report on Wednesday, March 11th. BNP Paribas Exane reissued a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Wells Fargo & Company raised their target price 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, April 21st. Wall Street Zen cut shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Weiss Ratings raised shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.00.
Sila Realty Trust Stock Up 0.0%
SILA opened at $30.22 on Tuesday. Sila Realty Trust, Inc. has a fifty-two week low of $21.94 and a fifty-two week high of $30.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27. The company has a fifty day moving average of $27.21 and a two-hundred day moving average of $25.15. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 45.10 and a beta of 1.01.
Sila Realty Trust (NYSE:SILA – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. The company had revenue of $52.67 million during the quarter, compared to analysts’ expectations of $49.77 million. On average, research analysts expect that Sila Realty Trust, Inc. will post 2.24 earnings per share for the current year.
Sila Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.60 dividend on an annualized basis and a yield of 5.3%. Sila Realty Trust’s payout ratio is presently 238.81%.
Sila Realty Trust 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.
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