Sila Realty Trust, Inc. $SILA Shares Purchased by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. lifted its stake in Sila Realty Trust, Inc. (NYSE:SILA) by 10.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,255,395 shares of the company’s stock after purchasing an additional 120,007 shares during the quarter. Sila Realty Trust accounts for approximately 1.7% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 9th biggest position. Punch & Associates Investment Management Inc.’s holdings in Sila Realty Trust were worth $29,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SILA. Golden State Wealth Management LLC lifted 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 acquired a new stake in shares of Sila Realty Trust in the fourth quarter valued at about $29,000. Basepoint Wealth LLC acquired a new stake in shares of Sila Realty Trust in the fourth quarter valued at about $30,000. Newbridge Financial Services Group Inc. increased its holdings in Sila Realty Trust by 90.4% during the 3rd 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 position in Sila Realty Trust during the 3rd quarter valued at about $35,000.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. BNP Paribas Exane restated a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a report on Tuesday, March 3rd. 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 five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $29.00.

Sila Realty Trust Stock Performance

Shares of NYSE SILA opened at $30.32 on Wednesday. The company has a market cap of $1.68 billion, a PE ratio of 45.25 and a beta of 0.94. Sila Realty Trust, Inc. has a 12 month low of $21.94 and a 12 month 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. The company has a 50-day simple moving average of $29.23 and a 200-day simple moving average of $25.92.

Sila Realty Trust (NYSE:SILA) last issued 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. The business had revenue of $52.67 million during the quarter, compared to the consensus estimate of $49.77 million. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. On average, equities analysts anticipate that Sila Realty Trust, Inc. will post 2.24 earnings per share for the current year.

Sila Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.40 per share. The ex-dividend date 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 payout ratio is 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.