Sila Realty Trust (NYSE:SILA) Hits New 1-Year High After Dividend Announcement

Shares of Sila Realty Trust, Inc. (NYSE:SILA) reached a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as $30.61 and last traded at $30.5750, with a volume of 511668 shares traded. The stock had previously closed at $30.43.

The newly announced dividend which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend 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 275.86%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SILA shares. BNP Paribas Exane reiterated a “neutral” rating and set a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Wells Fargo & Company upped their price target on Sila Realty Trust from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Truist Financial set a $28.00 price objective on Sila Realty Trust in a research report on Wednesday, March 11th. Freedom Capital lowered Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen cut Sila Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.00.

Sila Realty Trust Stock Performance

The stock has a fifty day simple moving average of $25.97 and a two-hundred day simple moving average of $24.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 52.72 and a beta of 1.01.

Sila Realty Trust (NYSE:SILA) last announced its earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $52.67 million for the quarter, compared to analyst estimates of $49.77 million. Sila Realty Trust had a return on equity of 2.39% and a net margin of 16.36%. Analysts forecast that Sila Realty Trust, Inc. will post 2.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SILA. Principal Financial Group Inc. purchased a new position in shares of Sila Realty Trust during the third quarter valued at approximately $1,081,000. Segall Bryant & Hamill LLC purchased a new stake in Sila Realty Trust in the 3rd quarter valued at $1,095,000. JPMorgan Chase & Co. raised its position in Sila Realty Trust by 80.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,264 shares of the company’s stock valued at $5,554,000 after buying an additional 98,662 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Sila Realty Trust by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 236,344 shares of the company’s stock valued at $5,932,000 after acquiring an additional 41,127 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Sila Realty Trust by 171.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,403 shares of the company’s stock worth $2,294,000 after acquiring an additional 57,722 shares during the last quarter.

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.