Hsbc Holdings PLC Buys 17,658 Shares of Sila Realty Trust, Inc. $SILA

Hsbc Holdings PLC increased its stake in Sila Realty Trust, Inc. (NYSE:SILAFree Report) by 23.6% during the 4th quarter, HoldingsChannel reports. The firm owned 92,404 shares of the company’s stock after buying an additional 17,658 shares during the period. Hsbc Holdings PLC’s holdings in Sila Realty Trust were worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC raised its stake in Sila Realty Trust by 87.6% during the 4th quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Entrust Financial LLC purchased a new position in shares of Sila Realty Trust in the 4th quarter worth $29,000. Newbridge Financial Services Group Inc. grew its holdings 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 worth $31,000 after acquiring an additional 585 shares during the period. Basepoint Wealth LLC purchased a new stake in Sila Realty Trust during the fourth quarter valued at $30,000. Finally, United Financial Planning Group LLC purchased a new stake in Sila Realty Trust during the third quarter valued at $35,000.

Analysts Set New Price Targets

SILA has been the topic of several research reports. BNP Paribas Exane reissued a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. 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. Wall Street Zen cut shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Freedom Capital lowered shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Truist Financial set a $30.00 target price on shares of Sila Realty Trust in a research report on Thursday, June 25th. One research 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 stock presently has a consensus rating of “Hold” and an average target price of $29.50.

Get Our Latest Analysis on SILA

Sila Realty Trust Stock Performance

Shares of SILA stock remained flat at $30.36 during trading hours on Friday. Sila Realty Trust, Inc. has a 1 year low of $21.94 and a 1 year high of $30.63. 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 company has a market capitalization of $1.68 billion, a PE ratio of 45.31 and a beta of 0.94. The firm has a 50-day moving average price of $30.36 and a 200 day moving average price of $26.80.

Sila Realty Trust (NYSE:SILAGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $52.66 million during the quarter, compared to analyst estimates of $49.77 million. On average, analysts anticipate that Sila Realty Trust, Inc. will post 2.3 earnings per share for the current year.

Sila Realty Trust Announces Dividend

The company also recently disclosed 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 of this dividend 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 dividend payout ratio is 238.81%.

Sila Realty Trust 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.

See Also

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

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