Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Sila Realty Trust, Inc. $SILA

Northwestern Mutual Wealth Management Co. grew its holdings in Sila Realty Trust, Inc. (NYSE:SILA) by 133,106.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,817,893 shares of the company’s stock after purchasing an additional 7,812,024 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.14% of Sila Realty Trust worth $182,235,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its stake in Sila Realty Trust by 90.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $31,000 after purchasing an additional 585 shares in the last quarter. United Financial Planning Group LLC purchased a new position in Sila Realty Trust in the 3rd quarter worth approximately $35,000. Avalon Trust Co purchased a new position in Sila Realty Trust in the 3rd quarter worth approximately $44,000. Strategic Wealth Advisors LLC purchased a new position in Sila Realty Trust in the 4th quarter worth approximately $50,000. Finally, Tower Research Capital LLC TRC purchased a new position in Sila Realty Trust in the 2nd quarter worth approximately $60,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SILA. Truist Financial set a $28.00 price target on shares of Sila Realty Trust in a report on Wednesday, March 11th. BNP Paribas Exane restated a “neutral” rating and set a $31.00 price target (up from $28.00) on shares of Sila Realty Trust in a report on Tuesday, April 21st. Zacks Research upgraded shares of Sila Realty Trust to a “hold” rating in a report on Tuesday, March 3rd. Freedom Capital downgraded shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Sila Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $29.00.

Sila Realty Trust Stock Performance

NYSE:SILA opened at $30.56 on Friday. The company has a fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $24.87. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 45.61 and a beta of 1.01. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 0.52. Sila Realty Trust, Inc. has a 52 week low of $21.94 and a 52 week high of $30.63.

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

Sila Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.60 annualized dividend and a dividend yield of 5.2%. Sila Realty Trust’s payout ratio is 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.