Sila Realty Trust (NYSE:SILA) Posts Earnings Results, Beats Estimates By $0.02 EPS

Sila Realty Trust (NYSE:SILA) announced its quarterly earnings data on Friday. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02, FiscalAI reports. The company had revenue of $52.67 million during the quarter, compared to the consensus estimate of $49.77 million. Sila Realty Trust had a return on equity of 2.80% and a net margin of 18.64%.

Sila Realty Trust Price Performance

Shares of SILA traded down $0.01 during mid-day trading on Friday, hitting $30.58. 270,656 shares of the stock were exchanged, compared to its average volume of 1,407,926. The company has a market cap of $1.69 billion, a PE ratio of 45.64 and a beta of 1.01. Sila Realty Trust has a 52-week low of $21.94 and a 52-week high of $30.63. The firm has a 50-day moving average of $25.97 and a two-hundred day moving average of $24.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.17.

Sila Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is 238.81%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. BNP Paribas Exane reiterated a “neutral” rating and set a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Sila Realty Trust in a research note on Friday, March 27th. Truist Financial set a $28.00 price objective on Sila Realty Trust in a research note on Wednesday, March 11th. Finally, Freedom Capital downgraded Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $29.00.

Institutional Trading of Sila Realty Trust

Several hedge funds have recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Sila Realty Trust by 111.9% during the 4th quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock worth $9,735,000 after acquiring an additional 220,543 shares in the last quarter. Ameriflex Group Inc. raised its holdings in Sila Realty Trust by 10.2% during the 4th quarter. Ameriflex Group Inc. now owns 9,122 shares of the company’s stock valued at $213,000 after buying an additional 846 shares during the period. Mackenzie Financial Corp raised its holdings in Sila Realty Trust by 8.7% during the 4th quarter. Mackenzie Financial Corp now owns 19,490 shares of the company’s stock valued at $453,000 after buying an additional 1,566 shares during the period. SummitTX Capital L.P. raised its holdings in Sila Realty Trust by 17.5% during the 4th quarter. SummitTX Capital L.P. now owns 102,600 shares of the company’s stock valued at $2,392,000 after buying an additional 15,263 shares during the period. Finally, Millennium Management LLC raised its holdings in Sila Realty Trust by 14.6% during the 4th quarter. Millennium Management LLC now owns 749,944 shares of the company’s stock valued at $17,481,000 after buying an additional 95,761 shares during the period.

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.