SummitTX Capital L.P. Increases Stock Holdings in Sila Realty Trust, Inc. $SILA

SummitTX Capital L.P. boosted its stake in Sila Realty Trust, Inc. (NYSE:SILA) by 36.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,467 shares of the company’s stock after acquiring an additional 37,867 shares during the period. SummitTX Capital L.P. owned 0.25% of Sila Realty Trust worth $3,326,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Sila Realty Trust by 133,106.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,817,893 shares of the company’s stock worth $182,235,000 after purchasing an additional 7,812,024 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Sila Realty Trust by 114.4% during the 1st quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock valued at $16,216,000 after purchasing an additional 323,917 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Sila Realty Trust by 25,141.8% during the 1st quarter. Jane Street Group LLC now owns 224,904 shares of the company’s stock valued at $6,007,000 after purchasing an additional 224,013 shares in the last quarter. Invesco Ltd. increased its position in shares of Sila Realty Trust by 111.9% during the fourth quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock valued at $9,735,000 after buying an additional 220,543 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Sila Realty Trust by 33.5% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 771,571 shares of the company’s stock valued at $17,985,000 after buying an additional 193,466 shares during the period.

Sila Realty Trust Price Performance

NYSE:SILA opened at $30.36 on Wednesday. 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 firm’s 50-day moving average price is $30.31 and its 200-day moving average price is $27.43. The company has a market capitalization of $1.68 billion, a PE ratio of 45.31 and a beta of 0.94. Sila Realty Trust, Inc. has a 1-year low of $21.94 and a 1-year high of $30.63.

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

Sila Realty Trust Announces Dividend

The firm also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio (DPR) is presently 238.81%.

Analyst Upgrades and Downgrades

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

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.