Vanguard Group Inc. Has $130.87 Million Position in Sila Realty Trust, Inc. $SILA

Vanguard Group Inc. increased its holdings in Sila Realty Trust, Inc. (NYSE:SILA) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,614,395 shares of the company’s stock after purchasing an additional 43,538 shares during the period. Vanguard Group Inc. owned approximately 10.19% of Sila Realty Trust worth $130,872,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. raised its holdings in shares of Sila Realty Trust by 90.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after buying an additional 585 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in shares of Sila Realty Trust in the third quarter valued at $35,000. Avalon Trust Co bought a new position in shares of Sila Realty Trust in the third quarter valued at about $44,000. Tower Research Capital LLC TRC bought a new position in shares of Sila Realty Trust in the second quarter valued at about $60,000. Finally, Vestcor Inc acquired a new position in Sila Realty Trust during the 3rd quarter worth about $92,000.

Sila Realty Trust Price Performance

Shares of NYSE SILA opened at $30.55 on Tuesday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 45.59 and a beta of 1.01. Sila Realty Trust, Inc. has a fifty-two week low of $21.94 and a fifty-two week high of $30.63. The business has a 50-day moving average of $26.14 and a 200-day moving average of $24.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 1.17.

Sila Realty Trust (NYSE:SILA) last issued its earnings results 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 2.80%. The business had revenue of $52.67 million during the quarter, compared to the consensus estimate of $49.77 million. As a group, sell-side analysts predict that Sila Realty Trust, Inc. will post 2.24 earnings per share for the current fiscal year.

Sila Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio is currently 238.81%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SILA. Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company increased their price target on shares of 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. BNP Paribas Exane restated a “neutral” rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Truist Financial set a $28.00 price objective on Sila Realty Trust in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.00.

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.