Diversify Wealth Management LLC Raises Stake in Sila Realty Trust, Inc. $SILA

Diversify Wealth Management LLC raised its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 40.9% during the first quarter, Holdings Channel reports. The fund owned 120,319 shares of the company’s stock after buying an additional 34,900 shares during the period. Diversify Wealth Management LLC’s holdings in Sila Realty Trust were worth $2,849,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its holdings 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 acquiring an additional 7,812,024 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sila Realty Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,614,395 shares of the company’s stock valued at $130,872,000 after purchasing an additional 43,538 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Sila Realty Trust by 10.6% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,255,395 shares of the company’s stock valued at $29,263,000 after purchasing an additional 120,007 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Sila Realty Trust by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,003,144 shares of the company’s stock valued at $23,383,000 after purchasing an additional 32,965 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in Sila Realty Trust by 33.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 771,571 shares of the company’s stock worth $17,985,000 after purchasing an additional 193,466 shares during the period.

Analyst Ratings Changes

SILA has been the subject of several recent research reports. Truist Financial set a $30.00 price target on shares of Sila Realty Trust in a research note on Thursday, June 25th. Wall Street Zen cut Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research note 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. Finally, Freedom Capital lowered Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Sila Realty Trust has a consensus rating of “Hold” and a consensus price target of $29.50.

Sila Realty Trust Price Performance

NYSE SILA opened at $30.36 on Tuesday. 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 stock 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. The business’s 50-day moving average is $30.35 and its 200 day moving average is $26.88.

Sila Realty Trust (NYSE:SILA) last announced 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. The company had revenue of $52.66 million for the quarter, compared to the consensus estimate of $49.77 million. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%. Sell-side analysts forecast that Sila Realty Trust, Inc. will post 2.3 earnings per share for the current year.

Sila Realty Trust Dividend Announcement

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

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.