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

Sila Realty Trust, Inc. (NYSE:SILA) has received an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $29.00.

A number of equities analysts have recently commented on SILA shares. Freedom Capital lowered Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. BNP Paribas Exane reissued a “neutral” rating and set a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Zacks Research raised Sila Realty Trust to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Wells Fargo & Company lifted their price objective on Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st.

Sila Realty Trust Price Performance

Sila Realty Trust stock opened at $30.22 on Monday. Sila Realty Trust has a one year low of $21.94 and a one year high of $30.63. The business has a fifty day moving average price of $27.10 and a 200-day moving average price of $25.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $1.67 billion, a P/E ratio of 45.10 and a beta of 1.01.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%.The firm had revenue of $52.67 million during the quarter, compared to analyst estimates of $49.77 million. As a group, equities research analysts forecast that Sila Realty Trust will post 2.24 EPS for the current year.

Sila Realty Trust Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.60 annualized dividend and a yield of 5.3%. Sila Realty Trust’s dividend payout ratio (DPR) is currently 238.81%.

Institutional Investors Weigh In On Sila Realty Trust

Large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC boosted its stake in Sila Realty Trust by 87.6% during the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. Entrust Financial LLC bought a new stake in Sila Realty Trust during the fourth quarter valued at $29,000. Newbridge Financial Services Group Inc. boosted its stake 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 valued at $31,000 after buying an additional 585 shares during the period. Basepoint Wealth LLC bought a new stake in Sila Realty Trust during the fourth quarter valued at $30,000. Finally, United Financial Planning Group LLC bought a new stake in Sila Realty Trust during the third quarter valued at $35,000.

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.