Sila Realty Trust, Inc. (NYSE:SILA) Given Consensus Recommendation of “Hold” by Analysts
by Renee Jackson · The Cerbat GemSila Realty Trust, Inc. (NYSE:SILA – Get Free Report) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.00.
A number of equities analysts have recently commented on SILA shares. Truist Financial set a $28.00 price target on Sila Realty Trust in a report on Wednesday, March 11th. Zacks Research raised Sila Realty Trust to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sila Realty Trust in a report on Friday, March 27th. Wells Fargo & Company raised their price target on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday. 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 report on Tuesday.
Check Out Our Latest Analysis on SILA
Sila Realty Trust Price Performance
Shares of NYSE SILA opened at $30.41 on Thursday. The stock has a fifty day simple moving average of $25.08 and a two-hundred day simple moving average of $24.17. Sila Realty Trust has a 1-year low of $21.94 and a 1-year high of $30.55. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 52.43 and a beta of 0.19. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51.
Sila Realty Trust (NYSE:SILA – Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.46). Sila Realty Trust had a net margin of 16.36% and a return on equity of 2.39%. The firm had revenue of $50.70 million for the quarter, compared to the consensus estimate of $50.26 million. Analysts anticipate that Sila Realty Trust will post 2.24 earnings per share for the current year.
Sila Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Friday, March 6th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 5.3%. Sila Realty Trust’s dividend payout ratio (DPR) is currently 275.86%.
Institutional Investors Weigh In On Sila Realty Trust
Several large investors have recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated boosted its stake in Sila Realty Trust by 31.0% during the first quarter. Silver Oak Securities Incorporated now owns 2,773 shares of the company’s stock valued at $66,000 after buying an additional 656 shares during the period. Hsbc Holdings PLC boosted its stake in Sila Realty Trust by 23.6% during the fourth quarter. Hsbc Holdings PLC now owns 92,404 shares of the company’s stock valued at $2,154,000 after buying an additional 17,658 shares during the period. World Investment Advisors bought a new stake in Sila Realty Trust during the fourth quarter valued at $482,000. Invesco Ltd. boosted its stake in Sila Realty Trust by 111.9% during the fourth quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock valued at $9,735,000 after buying an additional 220,543 shares during the period. Finally, Ameriflex Group Inc. boosted its stake in Sila Realty Trust by 10.2% during the fourth 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.
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.