Everest Financial Group LLC Takes $700,000 Position in Sila Realty Trust, Inc. $SILA

Everest Financial Group LLC bought a new stake in Sila Realty Trust, Inc. (NYSE:SILA) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 29,543 shares of the company’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. lifted its position in Sila Realty Trust by 7.3% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,510 shares of the company’s stock valued at $31,909,000 after acquiring an additional 92,115 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Sila Realty Trust by 1.9% during the first quarter. Gabelli Funds LLC now owns 131,352 shares of the company’s stock worth $3,110,000 after purchasing an additional 2,476 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Sila Realty Trust by 15.8% during the first quarter. Gamco Investors INC. ET AL now owns 26,810 shares of the company’s stock worth $635,000 after purchasing an additional 3,658 shares during the last quarter. Sei Investments Co. increased its position in shares of Sila Realty Trust by 47.4% during the first quarter. Sei Investments Co. now owns 14,056 shares of the company’s stock worth $333,000 after purchasing an additional 4,521 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Sila Realty Trust during the first quarter worth about $1,406,000.

Sila Realty Trust Stock Performance

Shares of Sila Realty Trust stock opened at $30.36 on Friday. Sila Realty Trust, Inc. has a 1 year low of $21.94 and a 1 year high of $30.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $1.68 billion, a P/E ratio of 45.31 and a beta of 0.94. The company’s fifty day moving average is $30.32 and its two-hundred day moving average is $27.30.

Sila Realty Trust (NYSE:SILA) last announced its earnings results on Thursday, May 7th. The company reported $0.22 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 business had revenue of $52.66 million during the quarter, compared to analysts’ expectations of $49.77 million. Analysts forecast that Sila Realty Trust, Inc. will post 2.3 earnings per share for the current year.

Sila Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SILA. Truist Financial set a $30.00 target price on Sila Realty Trust in a report on Thursday, June 25th. Freedom Capital downgraded Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Wells Fargo & Company lifted their price target on Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, BNP Paribas Exane reiterated a “neutral” rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $29.50.

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.