SummitTX Capital L.P. Buys 37,867 Shares of Sila Realty Trust, Inc. $SILA

SummitTX Capital L.P. raised its stake in Sila Realty Trust, Inc. (NYSE:SILAFree Report) by 36.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,467 shares of the company’s stock after acquiring an additional 37,867 shares during the period. SummitTX Capital L.P.’s holdings in Sila Realty Trust were worth $3,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SILA. Golden State Wealth Management LLC raised its position in shares of Sila Realty Trust by 87.6% in the 4th quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Entrust Financial LLC purchased a new stake in Sila Realty Trust during the 4th quarter valued at about $29,000. Basepoint Wealth LLC bought a new stake in Sila Realty Trust during the 4th quarter valued at about $30,000. Newbridge Financial Services Group Inc. increased its stake 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 valued at $31,000 after purchasing an additional 585 shares in the last quarter. Finally, Aew Capital Management L P purchased a new position in Sila Realty Trust in the fourth quarter worth about $42,000.

Analyst Upgrades and Downgrades

SILA has been the topic of several analyst reports. Wall Street Zen downgraded shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings raised shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. 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 report on Tuesday, April 21st. Truist Financial set a $30.00 price objective on shares of Sila Realty Trust in a report on Thursday, June 25th. Finally, Freedom Capital cut Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.50.

View Our Latest Analysis on Sila Realty Trust

Sila Realty Trust Price Performance

NYSE SILA opened at $30.36 on Wednesday. Sila Realty Trust, Inc. has a one year low of $21.94 and a one year high of $30.63. The stock has a 50-day moving average of $30.31 and a 200 day moving average of $27.43. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 45.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27.

Sila Realty Trust (NYSE:SILAGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $52.66 million during the quarter, compared to analyst estimates of $49.77 million. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%. On average, sell-side analysts forecast that Sila Realty Trust, Inc. will post 2.3 EPS for the current year.

Sila Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were paid a $0.40 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.3%. Sila Realty Trust’s payout ratio is currently 238.81%.

Sila Realty Trust Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sila Realty Trust (NYSE:SILA)

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