Sila Realty Trust, Inc. Announces Quarterly Dividend of $0.40 (NYSE:SILA)

Sila Realty Trust, Inc. (NYSE:SILA) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Friday, March 6th will be paid a dividend of 0.40 per share on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, March 6th.

Sila Realty Trust Price Performance

Shares of NYSE SILA traded up $0.57 during mid-day trading on Wednesday, hitting $26.08. 136,780 shares of the stock traded hands, compared to its average volume of 352,850. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 1.22. Sila Realty Trust has a twelve month low of $21.94 and a twelve month high of $27.50. The company has a market cap of $1.44 billion, a PE ratio of 37.83 and a beta of -0.02. The firm has a 50 day simple moving average of $24.18 and a two-hundred day simple moving average of $24.19.

Sila Realty Trust (NYSE:SILA) last issued 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). Sila Realty Trust had a return on equity of 2.80% and a net margin of 19.86%.The firm had revenue of $50.70 million during the quarter, compared to analyst estimates of $50.26 million. As a group, equities research analysts forecast that Sila Realty Trust will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SILA. Weiss Ratings reiterated a “hold (c)” rating on shares of Sila Realty Trust in a report on Monday, December 29th. Wells Fargo & Company dropped their price target on shares of Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $26.67.

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.