Huber Capital Management LLC Sells 52,995 Shares of Sila Realty Trust, Inc. $SILA

Huber Capital Management LLC reduced its position in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 64.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,668 shares of the company’s stock after selling 52,995 shares during the period. Huber Capital Management LLC owned about 0.05% of Sila Realty Trust worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Sila Realty Trust during the third quarter worth about $1,081,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Sila Realty Trust in the third quarter valued at about $1,095,000. Envestnet Asset Management Inc. raised its position in shares of Sila Realty Trust by 21.1% during the third quarter. Envestnet Asset Management Inc. now owns 236,344 shares of the company’s stock worth $5,932,000 after acquiring an additional 41,127 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sila Realty Trust by 80.5% in the third quarter. JPMorgan Chase & Co. now owns 221,264 shares of the company’s stock worth $5,554,000 after acquiring an additional 98,662 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Sila Realty Trust by 8.1% in the third quarter. Victory Capital Management Inc. now owns 986,934 shares of the company’s stock worth $24,772,000 after acquiring an additional 74,355 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings upgraded Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wells Fargo & Company upped their target price on Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Freedom Capital cut Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Zacks Research upgraded Sila Realty Trust to a “hold” rating in a report on Tuesday, March 3rd. Finally, Truist Financial set a $28.00 target price on Sila Realty Trust in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.00.

Sila Realty Trust Stock Performance

Shares of SILA stock opened at $30.29 on Friday. The business’s 50 day simple moving average is $28.97 and its 200 day simple moving average is $25.81. Sila Realty Trust, Inc. has a one year low of $21.94 and a one year high of $30.63. The stock has a market capitalization of $1.67 billion, a PE ratio of 45.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27.

Sila Realty Trust (NYSE:SILA) last announced its earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%.The business had revenue of $52.67 million for the quarter, compared to analysts’ expectations of $49.77 million. As a group, research analysts forecast that Sila Realty Trust, Inc. will post 2.24 earnings per share for the current year.

Sila Realty Trust Dividend Announcement

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