Sila Realty Trust (NYSE:SILA) Sets New 1-Year Low – Here’s What Happened

Sila Realty Trust, Inc. (NYSE:SILA) hit a new 52-week low on Monday . The company traded as low as $22.44 and last traded at $22.3250, with a volume of 283207 shares. The stock had previously closed at $22.89.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SILA. Weiss Ratings restated a “hold (c)” rating on shares of Sila Realty Trust in a research note on Monday. Wells Fargo & Company reduced their target price on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Finally, Wolfe Research began coverage on shares of Sila Realty Trust in a research report on Monday, October 20th. They set a “peer perform” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sila Realty Trust currently has an average rating of “Hold” and an average price target of $26.67.

Sila Realty Trust Trading Up 0.1%

The stock has a market capitalization of $1.22 billion, a P/E ratio of 31.97 and a beta of -0.05. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $23.59 and a two-hundred day moving average price of $24.34.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.33). The company had revenue of $49.85 million during the quarter, compared to analyst estimates of $49.73 million. Sila Realty Trust had a net margin of 19.86% and a return on equity of 2.80%. On average, analysts expect that Sila Realty Trust, Inc. will post 2.23 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Thursday, November 20th. Sila Realty Trust’s dividend payout ratio is 231.88%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its stake in Sila Realty Trust by 90.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after purchasing an additional 585 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Sila Realty Trust during the 2nd quarter worth $35,000. United Financial Planning Group LLC bought a new stake in shares of Sila Realty Trust during the 3rd quarter worth $35,000. Avalon Trust Co bought a new stake in shares of Sila Realty Trust during the 3rd quarter worth $44,000. Finally, Amalgamated Bank acquired a new stake in Sila Realty Trust in the second quarter valued at about $45,000.

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.