William Blair Investment Management LLC Cuts Stake in Sila Realty Trust, Inc. $SILA

William Blair Investment Management LLC lowered its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 9.4% in the fourth quarter, Holdings Channel reports. The firm owned 980,180 shares of the company’s stock after selling 101,942 shares during the period. William Blair Investment Management LLC’s holdings in Sila Realty Trust were worth $22,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Entrust Financial LLC purchased a new stake in shares of Sila Realty Trust during the fourth quarter worth about $29,000. Newbridge Financial Services Group Inc. increased its stake in shares of 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 purchasing an additional 585 shares in the last quarter. United Financial Planning Group LLC purchased a new stake in shares of Sila Realty Trust during the third quarter worth about $35,000. Avalon Trust Co purchased a new stake in shares of Sila Realty Trust during the third quarter worth about $44,000. Finally, Aew Capital Management L P purchased a new stake in shares of Sila Realty Trust during the fourth quarter worth about $42,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Freedom Capital cut shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Truist Financial set a $28.00 target price on shares of Sila Realty Trust in a research note on Wednesday, March 11th. BNP Paribas Exane reissued a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sila Realty Trust currently has a consensus rating of “Hold” and an average price target of $29.00.

Sila Realty Trust Stock Up 0.0%

Shares of NYSE SILA opened at $30.22 on Tuesday. Sila Realty Trust, Inc. has a 12-month low of $21.94 and a 12-month high of $30.63. The stock has a market cap of $1.67 billion, a PE ratio of 45.10 and a beta of 1.01. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $27.21 and a 200 day moving average of $25.15.

Sila Realty Trust (NYSE:SILA) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. The company had revenue of $52.67 million during the quarter, compared to analysts’ expectations of $49.77 million. As a group, sell-side analysts predict that Sila Realty Trust, Inc. will post 2.24 EPS for the current fiscal 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. This represents a $1.60 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is currently 238.81%.

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.