Sila Realty Trust (NYSE:SILA – Get Free Report) was downgraded by Truist Financial from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.
Other analysts have also issued reports about the company. Wells Fargo & Company raised their target price on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Freedom Capital downgraded shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen cut Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings raised Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Zacks Research upgraded Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.50.
Sila Realty Trust Price Performance
Sila Realty Trust (NYSE:SILA – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $52.66 million during the quarter, compared to analyst estimates of $49.77 million. As a group, equities analysts forecast that Sila Realty Trust will post 2.24 earnings per share for the current fiscal year.
Institutional Trading of Sila Realty Trust
A number of large investors have recently modified their holdings of SILA. Royal Bank of Canada increased its stake in shares of Sila Realty Trust by 14.8% during the first quarter. Royal Bank of Canada now owns 80,249 shares of the company’s stock worth $2,143,000 after buying an additional 10,336 shares during the period. Amundi grew its stake in shares of Sila Realty Trust by 2.1% during the first quarter. Amundi now owns 32,203 shares of the company’s stock worth $869,000 after purchasing an additional 664 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Sila Realty Trust by 114.4% in the 1st quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock valued at $16,216,000 after acquiring an additional 323,917 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Sila Realty Trust by 10.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 253,075 shares of the company’s stock valued at $6,760,000 after buying an additional 22,960 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Sila Realty Trust by 45.4% during the 1st 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.
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.
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