Sila Realty Trust (NYSE:SILA) Releases Earnings Results, Misses Estimates By $0.46 EPS

Sila Realty Trust (NYSE:SILA) announced its earnings results on Tuesday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.46), FiscalAI reports. The business had revenue of $50.70 million during the quarter, compared to analyst estimates of $50.26 million. Sila Realty Trust had a return on equity of 2.80% and a net margin of 19.86%.

Sila Realty Trust Trading Down 0.3%

SILA stock traded down $0.08 during midday trading on Tuesday, reaching $25.52. The company’s stock had a trading volume of 465,333 shares, compared to its average volume of 359,023. Sila Realty Trust has a 52 week low of $21.94 and a 52 week high of $27.50. The stock has a market cap of $1.41 billion, a PE ratio of 36.99 and a beta of -0.02. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.50. The business’s 50-day simple moving average is $24.14 and its 200-day simple moving average is $24.19.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Sila Realty Trust in a research report on Monday, December 29th. Wells Fargo & Company cut their price target on Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.67.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SILA. Golden State Wealth Management LLC boosted its holdings in shares of Sila Realty Trust by 87.6% in 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. Daiwa Securities Group Inc. increased its holdings in Sila Realty Trust by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,496 shares of the company’s stock worth $478,000 after buying an additional 529 shares during the last quarter. Focus Partners Wealth increased its holdings in Sila Realty Trust by 1.6% during the first quarter. Focus Partners Wealth now owns 36,902 shares of the company’s stock worth $986,000 after buying an additional 585 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position 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 acquiring an additional 585 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in Sila Realty Trust by 4.9% in the fourth quarter. Metis Global Partners LLC now owns 13,041 shares of the company’s stock valued at $304,000 after acquiring an additional 605 shares during the last quarter.

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. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.