Independent Financial Group LLC Acquires Shares of 23,194 Sila Realty Trust, Inc. $SILA

Independent Financial Group LLC acquired a new stake in Sila Realty Trust, Inc. (NYSE:SILA) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,194 shares of the company’s stock, valued at approximately $549,000.

Other large investors have also made changes to their positions in the company. HighPoint Advisor Group LLC lifted its position in shares of Sila Realty Trust by 2.4% during the 4th quarter. HighPoint Advisor Group LLC now owns 17,347 shares of the company’s stock valued at $404,000 after buying an additional 412 shares in the last quarter. Golden State Wealth Management LLC grew its stake in 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 acquiring an additional 500 shares during the period. Daiwa Securities Group Inc. grew its stake in Sila Realty Trust by 2.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,496 shares of the company’s stock valued at $478,000 after acquiring an additional 529 shares during the period. 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 during the period. Finally, Focus Partners Wealth raised its position 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 acquiring an additional 585 shares during the period.

Analysts Set New Price Targets

Several research firms have issued reports on SILA. BNP Paribas Exane reaffirmed a “neutral” rating and set a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Wells Fargo & Company boosted their target price on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Truist Financial set a $30.00 price target on shares of Sila Realty Trust in a research report on Thursday, June 25th. Freedom Capital lowered shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.50.

Sila Realty Trust Price Performance

Shares of SILA opened at $30.36 on Thursday. 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, Inc. has a one year low of $21.94 and a one year high of $30.63. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 45.31 and a beta of 0.94. The stock has a 50 day moving average price of $30.33 and a 200 day moving average price of $27.23.

Sila Realty Trust (NYSE:SILA) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $52.66 million for the quarter, compared to analyst estimates of $49.77 million. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%. Equities research analysts forecast that Sila Realty Trust, Inc. will post 2.3 earnings per share for the current fiscal year.

Sila Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is 238.81%.

Sila Realty Trust 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.