PFG Advisors Has $1.60 Million Position in Sila Realty Trust, Inc. $SILA

PFG Advisors cut its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,707 shares of the company’s stock after selling 5,758 shares during the quarter. PFG Advisors owned approximately 0.12% of Sila Realty Trust worth $1,603,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SILA. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Sila Realty Trust in the second quarter valued at about $35,000. Amalgamated Bank acquired a new position in Sila Realty Trust during the second quarter valued at approximately $45,000. Asset Dedication LLC grew its stake in Sila Realty Trust by 398.6% in the first quarter. Asset Dedication LLC now owns 1,750 shares of the company’s stock valued at $47,000 after purchasing an additional 1,399 shares in the last quarter. Avalon Trust Co acquired a new position in shares of Sila Realty Trust during the 1st quarter worth approximately $47,000. Finally, Anchor Investment Management LLC increased its position in shares of Sila Realty Trust by 81.4% during the 1st quarter. Anchor Investment Management LLC now owns 5,184 shares of the company’s stock worth $138,000 after purchasing an additional 2,327 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on SILA. Wells Fargo & Company assumed coverage on shares of Sila Realty Trust in a research note on Tuesday, September 23rd. They issued an “equal weight” rating and a $27.00 target price for the company. Wolfe Research started coverage on shares of Sila Realty Trust in a research report on Monday, October 20th. They issued a “peer perform” rating and a $27.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sila Realty Trust in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.33.

Sila Realty Trust Trading Up 2.6%

Shares of Sila Realty Trust stock opened at $23.78 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 1.22. The business has a fifty day simple moving average of $24.44 and a two-hundred day simple moving average of $24.66. Sila Realty Trust, Inc. has a 1 year low of $22.52 and a 1 year high of $27.50. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 34.47 and a beta of -0.04.

Sila Realty Trust (NYSE:SILA) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.33). The company had revenue of $49.85 million during the quarter, compared to analyst estimates of $49.73 million. Sila Realty Trust had a net margin of 19.86% and a return on equity of 2.80%. Research analysts forecast that Sila Realty Trust, Inc. will post 2.23 EPS for the current year.

Sila Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, November 20th. Sila Realty Trust’s dividend payout ratio is currently 231.88%.

Sila Realty Trust 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.