Thrivent Financial for Lutherans increased its stake in Sila Realty Trust, Inc. (NYSE:SILA – Free Report) by 57.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 338,759 shares of the company’s stock after buying an additional 123,256 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sila Realty Trust were worth $7,896,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of SILA. Royal Bank of Canada lifted its position in Sila Realty Trust by 14.8% in 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 last quarter. Amundi lifted its position in Sila Realty Trust by 2.1% in the first quarter. Amundi now owns 32,203 shares of the company’s stock worth $869,000 after buying an additional 664 shares during the last quarter. Millennium Management LLC increased its stake in Sila Realty Trust by 114.4% in the first quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock worth $16,216,000 after purchasing an additional 323,917 shares during the period. Goldman Sachs Group Inc. increased its stake in Sila Realty Trust by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 253,075 shares of the company’s stock worth $6,760,000 after purchasing an additional 22,960 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sila Realty Trust by 45.4% in the first 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 purchasing an additional 74,307 shares during the period.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Freedom Capital lowered Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. BNP Paribas Exane reiterated a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Truist Financial set a $28.00 target price on Sila Realty Trust in a research note on Wednesday, March 11th. Wells Fargo & Company increased their target price on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.
Sila Realty Trust Stock Performance
SILA stock opened at $30.20 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $26.89 and its two-hundred day simple moving average is $25.02. Sila Realty Trust, Inc. has a twelve month low of $21.94 and a twelve month high of $30.63. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 45.07 and a beta of 1.01.
Sila Realty Trust (NYSE:SILA – Get Free Report) last released its 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. The business had revenue of $52.67 million for 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%. Analysts predict that Sila Realty Trust, Inc. will post 2.24 earnings per share for the current year.
Sila Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be paid 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 5.3%. Sila Realty Trust’s dividend payout ratio (DPR) is currently 238.81%.
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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