Everest Financial Group LLC Makes New $700,000 Investment in Sila Realty Trust, Inc. $SILA

Everest Financial Group LLC acquired a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,543 shares of the company’s stock, valued at approximately $700,000. Everest Financial Group LLC owned 0.05% of Sila Realty Trust at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SILA. Northwestern Mutual Wealth Management Co. grew its stake in Sila Realty Trust by 133,106.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,817,893 shares of the company’s stock worth $182,235,000 after purchasing an additional 7,812,024 shares in the last quarter. Vanguard Group Inc. raised its position in Sila Realty Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,614,395 shares of the company’s stock valued at $130,872,000 after purchasing an additional 43,538 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in Sila Realty Trust by 7.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,510 shares of the company’s stock valued at $31,909,000 after purchasing an additional 92,115 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Sila Realty Trust by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,003,144 shares of the company’s stock valued at $23,383,000 after buying an additional 32,965 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Sila Realty Trust by 33.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 771,571 shares of the company’s stock valued at $17,985,000 after buying an additional 193,466 shares during the period.

Analysts Set New Price Targets

SILA has been the subject of a number of analyst reports. Wall Street Zen downgraded Sila Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Freedom Capital cut shares of Sila Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Truist Financial set a $30.00 price target on shares of Sila Realty Trust in a research note on Thursday, June 25th. BNP Paribas Exane reiterated 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. Finally, Weiss Ratings raised shares of Sila Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.50.

Sila Realty Trust Price Performance

Shares of NYSE SILA opened at $30.36 on Friday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 45.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50-day moving average of $30.32 and a two-hundred day moving average of $27.30. Sila Realty Trust, Inc. has a 1 year low of $21.94 and a 1 year high of $30.63.

Sila Realty Trust (NYSE:SILA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. Sila Realty Trust had a return on equity of 2.81% and a net margin of 18.64%.The business had revenue of $52.66 million during the quarter, compared to analysts’ expectations of $49.77 million. On average, analysts forecast that Sila Realty Trust, Inc. will post 2.3 earnings per share for the current fiscal year.

Sila Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Sila Realty Trust’s dividend 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.