Y Intercept Hong Kong Ltd Takes $1.87 Million Position in Sila Realty Trust, Inc. $SILA

Y Intercept Hong Kong Ltd acquired a new position in Sila Realty Trust, Inc. (NYSE:SILA) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 79,019 shares of the company’s stock, valued at approximately $1,871,000.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Sila Realty Trust by 133,106.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,817,893 shares of the company’s stock valued at $182,235,000 after acquiring an additional 7,812,024 shares during the period. Millennium Management LLC increased its stake in shares of Sila Realty Trust by 114.4% in the first quarter. Millennium Management LLC now owns 607,111 shares of the company’s stock worth $16,216,000 after purchasing an additional 323,917 shares during the period. Jane Street Group LLC increased its stake in shares of Sila Realty Trust by 25,141.8% in the first quarter. Jane Street Group LLC now owns 224,904 shares of the company’s stock worth $6,007,000 after purchasing an additional 224,013 shares during the period. Invesco Ltd. lifted its position in shares of Sila Realty Trust by 111.9% during the 4th quarter. Invesco Ltd. now owns 417,622 shares of the company’s stock worth $9,735,000 after purchasing an additional 220,543 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Sila Realty Trust by 33.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 771,571 shares of the company’s stock worth $17,985,000 after purchasing an additional 193,466 shares during the last quarter.

Sila Realty Trust Price Performance

Shares of NYSE SILA opened at $30.36 on Friday. Sila Realty Trust, Inc. has a 52-week low of $21.94 and a 52-week high of $30.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.27. The business has a fifty day moving average of $30.36 and a two-hundred day moving average of $26.78. The stock has a market cap of $1.68 billion, a PE ratio of 45.31 and a beta of 0.94.

Sila Realty Trust (NYSE:SILA) last posted its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $52.66 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%. As a group, equities research analysts expect that Sila Realty Trust, Inc. will post 2.3 earnings per share for the current fiscal year.

Sila Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were given a $0.40 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.60 dividend on an annualized basis and a yield of 5.3%. Sila Realty Trust’s payout ratio is 238.81%.

Analyst Ratings Changes

Several brokerages recently weighed in on SILA. BNP Paribas Exane restated a “neutral” rating and set a $31.00 target price (up from $28.00) on shares of Sila Realty Trust in a research note on Tuesday, April 21st. 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 raised their price objective on shares of Sila Realty Trust from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Sila Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Truist Financial set a $30.00 price target on shares of Sila Realty Trust in a report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.50.

Sila Realty Trust Company 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.