Brokerages Set Sila Realty Trust, Inc. (NYSE:SILA) Target Price at $29.00

Shares of Sila Realty Trust, Inc. (NYSE:SILA) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $29.00.

SILA has been the subject of several research reports. Freedom Capital cut shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Truist Financial set a $28.00 price target on shares of Sila Realty Trust in a research report on Wednesday, March 11th. Zacks Research raised shares of Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company upped their price target on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane reaffirmed a “neutral” rating and issued a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st.

Sila Realty Trust Price Performance

Shares of SILA opened at $30.22 on Monday. The company has a 50 day moving average price of $27.10 and a 200-day moving average price of $25.11. Sila Realty Trust has a fifty-two week low of $21.94 and a fifty-two week high of $30.63. The stock has a market capitalization of $1.67 billion, a PE ratio of 45.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27.

Sila Realty Trust (NYSE:SILA) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. The firm had revenue of $52.67 million during the quarter, compared to analysts’ expectations of $49.77 million. Equities analysts predict that Sila Realty Trust will post 2.24 earnings per share for the current fiscal year.

Sila Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, May 20th. Sila Realty Trust’s payout ratio is 238.81%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Western Wealth Management LLC bought a new position in shares of Sila Realty Trust during the 1st quarter worth approximately $94,000. Bank of America Corp DE raised its stake in shares of Sila Realty Trust by 20.5% during the 1st quarter. Bank of America Corp DE now owns 99,519 shares of the company’s stock worth $2,357,000 after acquiring an additional 16,935 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Sila Realty Trust during the 1st quarter worth approximately $311,000. Amundi raised its stake in shares of Sila Realty Trust by 1.7% during the 1st quarter. Amundi now owns 32,926 shares of the company’s stock worth $780,000 after acquiring an additional 554 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Sila Realty Trust during the 1st quarter worth approximately $244,000.

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.