Sila Realty Trust (NYSE:SILA) Downgraded by Truist Financial to “Hold”

Sila Realty Trust (NYSE:SILA) was downgraded by analysts at Truist Financial from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other analysts have also recently commented on SILA. Weiss Ratings upgraded shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. BNP Paribas Exane reiterated a “neutral” rating and set a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Wall Street Zen cut Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Wells Fargo & Company raised 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. Finally, Freedom Capital downgraded shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.50.

Sila Realty Trust Trading Up 0.0%

Shares of Sila Realty Trust stock opened at $30.34 on Thursday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 45.29 and a beta of 0.94. Sila Realty Trust has a 52-week low of $21.94 and a 52-week high of $30.63. The company’s 50-day simple moving average is $30.06 and its 200-day simple moving average is $26.25. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.52.

Sila Realty Trust (NYSE:SILA) last issued its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (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 business had revenue of $52.66 million during the quarter, compared to the consensus estimate of $49.77 million. As a group, equities research analysts anticipate that Sila Realty Trust will post 2.24 earnings per share for the current year.

Institutional Trading of Sila Realty Trust

A number of hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in shares of Sila Realty Trust by 87.6% in the fourth quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the period. Entrust Financial LLC purchased a new position in Sila Realty Trust in the 4th quarter valued at about $29,000. Basepoint Wealth LLC purchased a new position in Sila Realty Trust in the 4th quarter valued at about $30,000. Newbridge Financial Services Group Inc. grew 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 valued at $31,000 after acquiring an additional 585 shares in the last quarter. Finally, United Financial Planning Group LLC purchased a new stake in shares of Sila Realty Trust during the third quarter worth about $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.