Northwestern Mutual Wealth Management Co. Boosts Stake in Sila Realty Trust, Inc. $SILA

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA) by 133,106.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,817,893 shares of the company’s stock after buying an additional 7,812,024 shares during the period. Northwestern Mutual Wealth Management Co. owned 14.18% of Sila Realty Trust worth $182,235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SILA. HighPoint Advisor Group LLC increased its position in shares of Sila Realty Trust by 2.4% in the 4th quarter. HighPoint Advisor Group LLC now owns 17,347 shares of the company’s stock valued at $404,000 after acquiring an additional 412 shares during the period. Focus Partners Wealth increased its position in shares of Sila Realty Trust by 1.6% in the 1st quarter. Focus Partners Wealth now owns 36,902 shares of the company’s stock valued at $986,000 after acquiring an additional 585 shares during the period. Newbridge Financial Services Group Inc. increased its position in shares of 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 valued at $31,000 after acquiring an additional 585 shares during the period. Amundi increased its position in shares of Sila Realty Trust by 2.1% in the 1st quarter. Amundi now owns 32,203 shares of the company’s stock valued at $869,000 after acquiring an additional 664 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Sila Realty Trust by 3.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,448 shares of the company’s stock valued at $460,000 after acquiring an additional 668 shares during the period.

Sila Realty Trust Stock Performance

Shares of Sila Realty Trust stock opened at $30.56 on Friday. The firm has a market capitalization of $1.69 billion, a PE ratio of 45.61 and a beta of 1.01. Sila Realty Trust, Inc. has a twelve month low of $21.94 and a twelve month high of $30.63. The firm’s 50-day moving average price is $26.54 and its 200 day moving average price is $24.87. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52.

Sila Realty Trust (NYSE:SILA) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $52.67 million for the quarter, compared to analyst estimates of $49.77 million. Sila Realty Trust had a net margin of 18.64% and a return on equity of 2.81%. On average, sell-side analysts predict that Sila Realty Trust, Inc. will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Dividend Announcement

The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Sila Realty Trust’s dividend payout ratio (DPR) is 238.81%.

Analysts Set New Price Targets

SILA has been the topic of several research reports. 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 research report on Tuesday, April 21st. Truist Financial set a $28.00 target price on Sila Realty Trust in a research report on Wednesday, March 11th. BNP Paribas Exane reissued a “neutral” rating and issued a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday, April 21st. Zacks Research raised Sila Realty Trust to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Freedom Capital downgraded Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Sila Realty Trust has an average rating of “Hold” and an average target price of $29.00.

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. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.