Sila Realty Trust (NYSE:SILA) Announces Quarterly Earnings Results

Sila Realty Trust (NYSE:SILA) announced its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.33), FiscalAI reports. The company had revenue of $49.85 million during the quarter, compared to analysts’ expectations of $49.73 million. Sila Realty Trust had a net margin of 20.43% and a return on equity of 2.80%.

Sila Realty Trust Trading Down 0.9%

SILA traded down $0.21 during mid-day trading on Wednesday, hitting $23.46. 413,362 shares of the stock were exchanged, compared to its average volume of 392,583. Sila Realty Trust has a 1-year low of $22.52 and a 1-year high of $27.50. The company has a market cap of $1.29 billion, a PE ratio of 33.99 and a beta of -0.04. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $24.57 and its two-hundred day moving average is $24.74.

Sila Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, November 20th. Sila Realty Trust’s dividend payout ratio (DPR) is currently 231.88%.

Institutional Trading of Sila Realty Trust

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in 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 last quarter. Amundi increased its holdings in Sila Realty Trust by 2.1% during the first quarter. Amundi now owns 32,203 shares of the company’s stock valued at $869,000 after buying an additional 664 shares during the last quarter. Millennium Management LLC increased its position in shares of Sila Realty Trust by 114.4% during the 1st quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock valued at $16,216,000 after purchasing an additional 323,917 shares during the last quarter. Goldman Sachs Group Inc. boosted its position 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 worth $6,760,000 after purchasing an additional 22,960 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Sila Realty Trust by 45.4% during 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 valued at $6,359,000 after purchasing an additional 74,307 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wolfe Research initiated coverage on Sila Realty Trust in a research report on Monday, October 20th. They set a “peer perform” rating and a $27.00 target price for the company. Wells Fargo & Company began coverage on Sila Realty Trust in a research note on Tuesday, September 23rd. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sila Realty Trust in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.33.

About Sila Realty Trust

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.