Vanguard Group Inc. raised its position in Sila Realty Trust, Inc. (NYSE:SILA – Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,614,395 shares of the company’s stock after buying an additional 43,538 shares during the quarter. Vanguard Group Inc. owned 0.10% of Sila Realty Trust worth $130,872,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. grew its stake 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 acquiring an additional 585 shares in the last quarter. United Financial Planning Group LLC acquired a new position in Sila Realty Trust during the third quarter valued at approximately $35,000. Avalon Trust Co bought a new stake in Sila Realty Trust during the third quarter worth $44,000. Tower Research Capital LLC TRC acquired a new stake in shares of Sila Realty Trust in the 2nd quarter valued at $60,000. Finally, Vestcor Inc acquired a new stake in shares of Sila Realty Trust in the 3rd quarter valued at $92,000.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. BNP Paribas Exane reissued a “neutral” rating and set a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Truist Financial set a $28.00 price objective on shares of Sila Realty Trust in a research report on Wednesday, March 11th. Freedom Capital cut Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Zacks Research raised shares of Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.00.
Sila Realty Trust Trading Down 0.1%
Shares of Sila Realty Trust stock opened at $30.55 on Tuesday. The firm has a market cap of $1.69 billion, a PE ratio of 45.59 and a beta of 1.01. Sila Realty Trust, Inc. has a 1 year low of $21.94 and a 1 year high of $30.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day moving average price of $26.14 and a 200-day moving average price of $24.68.
Sila Realty Trust (NYSE:SILA – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping 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 2.80%. The company had revenue of $52.67 million for the quarter, compared to the consensus estimate of $49.77 million. Equities research analysts anticipate that Sila Realty Trust, Inc. will post 2.24 EPS for the current year.
Sila Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.60 annualized dividend and a dividend yield of 5.2%. Sila Realty Trust’s dividend payout ratio is currently 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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