Pensionfund PDN Acquires Shares of 41,000 Sila Realty Trust, Inc. $SILA

Pensionfund PDN acquired a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 41,000 shares of the company’s stock, valued at approximately $956,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in shares of Sila Realty Trust during the 3rd quarter valued at about $1,081,000. Thrivent Financial for Lutherans lifted its position in Sila Realty Trust by 60.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 98,869 shares of the company’s stock worth $2,340,000 after acquiring an additional 37,058 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Sila Realty Trust by 8.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,531,194 shares of the company’s stock worth $59,913,000 after acquiring an additional 202,976 shares during the period. Rhumbline Advisers grew its position in Sila Realty Trust by 709.9% in the second quarter. Rhumbline Advisers now owns 94,767 shares of the company’s stock valued at $2,243,000 after acquiring an additional 83,066 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Sila Realty Trust in the third quarter valued at approximately $1,095,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial set a $28.00 price objective on shares of Sila Realty Trust in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sila Realty Trust in a report on Monday, December 29th. Zacks Research raised shares of Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company cut their price objective on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.67.

Sila Realty Trust Price Performance

Shares of NYSE SILA opened at $24.03 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. Sila Realty Trust, Inc. has a fifty-two week low of $21.94 and a fifty-two week high of $27.50. The business has a 50 day moving average price of $24.81 and a two-hundred day moving average price of $24.20. The firm has a market cap of $1.33 billion, a PE ratio of 41.43 and a beta of -0.07.

Sila Realty Trust (NYSE:SILA) last announced its earnings results on Tuesday, February 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.46). The business had revenue of $50.70 million during the quarter, compared to analyst estimates of $50.26 million. Sila Realty Trust had a net margin of 16.36% and a return on equity of 2.39%. Sell-side analysts expect that Sila Realty Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

Sila Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Friday, March 6th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 6.7%. Sila Realty Trust’s dividend payout ratio is currently 275.86%.

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.