Sila Realty Trust (NYSE:SILA) Raised to “Hold” at Zacks Research

Sila Realty Trust (NYSE:SILA) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on SILA. Weiss Ratings reiterated a “hold (c)” rating on shares of Sila Realty Trust in a research report on Monday, December 29th. Wells Fargo & Company reduced their price objective on Sila Realty Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.67.

Sila Realty Trust Price Performance

NYSE:SILA traded down $0.17 during mid-day trading on Tuesday, reaching $25.05. The stock had a trading volume of 127,868 shares, compared to its average volume of 348,186. Sila Realty Trust has a 12 month low of $21.94 and a 12 month high of $27.50. The stock has a market capitalization of $1.38 billion, a PE ratio of 43.19 and a beta of -0.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50-day simple moving average of $24.49 and a two-hundred day simple moving average of $24.23.

Sila Realty Trust (NYSE:SILA) last issued its earnings results on Tuesday, February 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.46). Sila Realty Trust had a net margin of 16.36% and a return on equity of 2.39%. The business had revenue of $50.70 million during the quarter, compared to analyst estimates of $50.26 million. On average, equities analysts anticipate that Sila Realty Trust will post 2.23 earnings per share for the current year.

Institutional Trading of Sila Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 during the period. Geode Capital Management LLC raised its stake in Sila Realty Trust by 105.8% during the second quarter. Geode Capital Management LLC now owns 1,448,549 shares of the company’s stock worth $34,290,000 after buying an additional 744,577 shares during the last quarter. Millennium Management LLC lifted its holdings in Sila Realty Trust by 114.4% in the first quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock valued at $16,216,000 after buying an additional 323,917 shares during the period. Jane Street Group LLC boosted its position in Sila Realty Trust by 25,141.8% during the first quarter. Jane Street Group LLC now owns 224,904 shares of the company’s stock valued at $6,007,000 after acquiring an additional 224,013 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Sila Realty Trust by 111.9% during the 4th quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock worth $9,735,000 after acquiring an additional 220,543 shares during the period.

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.