Sila Realty Trust, Inc. $SILA Holdings Boosted by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. grew its stake in Sila Realty Trust, Inc. (NYSE:SILA) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,347,510 shares of the company’s stock after purchasing an additional 92,115 shares during the quarter. Sila Realty Trust makes up 1.8% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 7th biggest position. Punch & Associates Investment Management Inc. owned about 2.44% of Sila Realty Trust worth $31,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC raised its position in shares of Sila Realty Trust by 87.6% during the 4th quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Entrust Financial LLC purchased a new stake in Sila Realty Trust during the 4th quarter worth approximately $29,000. Basepoint Wealth LLC purchased a new stake in Sila Realty Trust during the 4th quarter worth approximately $30,000. Newbridge Financial Services Group Inc. raised its holdings 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 during the last quarter. Finally, Aew Capital Management L P acquired a new position in shares of Sila Realty Trust during the fourth quarter valued at approximately $42,000.

Sila Realty Trust Stock Performance

Shares of Sila Realty Trust stock opened at $30.36 on Friday. The stock has a market cap of $1.68 billion, a P/E ratio of 45.31 and a beta of 0.94. The stock’s 50 day simple moving average is $30.32 and its 200-day simple moving average is $27.30. Sila Realty Trust, Inc. has a 1-year low of $21.94 and a 1-year high of $30.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27.

Sila Realty Trust (NYSE:SILA) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate 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 $52.66 million during the quarter, compared to analysts’ expectations of $49.77 million. Analysts predict that Sila Realty Trust, Inc. will post 2.3 EPS for the current fiscal year.

Sila Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.3%. Sila Realty Trust’s dividend payout ratio (DPR) is 238.81%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Freedom Capital downgraded Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Truist Financial set a $30.00 price objective on Sila Realty Trust in a report on Thursday, June 25th. BNP Paribas Exane reaffirmed 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, Wells Fargo & Company upped their target price on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Sila Realty Trust currently has a consensus rating of “Hold” and an average target price of $29.50.

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.