Sila Realty Trust (NYSE:SILA) Downgraded to Hold Rating by Freedom Capital

Freedom Capital downgraded shares of Sila Realty Trust (NYSE:SILA) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Several other research firms have also commented on SILA. Truist Financial set a $28.00 target price on Sila Realty Trust in a research note on Wednesday, March 11th. Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a report on Tuesday, March 3rd. BNP Paribas Exane restated a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday. Wells Fargo & Company increased 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 note on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sila Realty Trust in a research note on Friday, March 27th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.00.

Sila Realty Trust Price Performance

NYSE:SILA opened at $30.41 on Tuesday. Sila Realty Trust has a 12-month low of $21.94 and a 12-month 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’s 50-day moving average is $25.08 and its two-hundred day moving average is $24.17. 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) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.46). The firm had revenue of $50.70 million for the quarter, compared to analysts’ expectations of $50.26 million. Sila Realty Trust had a return on equity of 2.39% and a net margin of 16.36%. Research analysts expect that Sila Realty Trust will post 2.24 EPS for the current year.

Sila Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Friday, March 6th were paid 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 Friday, March 6th. Sila Realty Trust’s payout ratio is 275.86%.

Institutional Investors Weigh In On Sila Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in Sila Realty Trust by 133,106.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,817,893 shares of the company’s stock worth $182,235,000 after purchasing an additional 7,812,024 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Sila Realty Trust by 114.4% in the 1st quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock valued at $16,216,000 after acquiring an additional 323,917 shares during the last quarter. Jane Street Group LLC raised its position in shares of Sila Realty Trust by 25,141.8% during the 1st quarter. Jane Street Group LLC now owns 224,904 shares of the company’s stock valued at $6,007,000 after acquiring an additional 224,013 shares in the last quarter. Invesco Ltd. raised its position 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 valued at $9,735,000 after acquiring an additional 220,543 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Sila Realty Trust by 33.5% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 771,571 shares of the company’s stock worth $17,985,000 after purchasing an additional 193,466 shares during the last quarter.

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.