WPG Advisers LLC Trims Stake in Sila Realty Trust, Inc. $SILA

Key Points

• WPG Advisers cut its stake in Sila Realty Trust by 96% in Q4, selling 142,562 shares and leaving it with 5,916 shares worth about $138,000.
• Sila missed quarterly EPS estimates (reported $0.09 vs. $0.55 expected) while posting revenue of $50.7M; the stock has a market cap of $1.68B and a P/E of 52.46.
• The company pays a quarterly dividend of $0.40 (annualized $1.60) for a 5.3% yield, but its dividend payout ratio is an elevated 275.86%, signaling potential sustainability concerns.

WPG Advisers LLC reduced its position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 96.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,916 shares of the company's stock after selling 142,562 shares during the quarter. WPG Advisers LLC's holdings in Sila Realty Trust were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its holdings in Sila Realty Trust by 90.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company's stock worth $31,000 after purchasing an additional 585 shares during the period. United Financial Planning Group LLC purchased a new position in Sila Realty Trust during the 3rd quarter worth $35,000. Avalon Trust Co bought a new stake in Sila Realty Trust during the 3rd quarter valued at $44,000. Tower Research Capital LLC TRC bought a new stake in Sila Realty Trust during the 2nd quarter valued at $60,000. Finally, Vestcor Inc bought a new stake in Sila Realty Trust during the 3rd quarter valued at $92,000.

Sila Realty Trust Stock Down 0.0%

Sila Realty Trust stock opened at $30.43 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 52.46 and a beta of 0.19. Sila Realty Trust, Inc. has a 1-year low of $21.94 and a 1-year high of $30.55. The business has a fifty day moving average price of $25.18 and a 200-day moving average price of $24.21.

Sila Realty Trust (NYSE:SILA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.46). The business had revenue of $50.70 million during the quarter, compared to analyst estimates of $50.26 million. Sila Realty Trust had a return on equity of 2.39% and a net margin of 16.36%. Equities research analysts forecast that Sila Realty Trust, Inc. will post 2.24 EPS for the current fiscal year.

Sila Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Friday, March 6th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.3%. Sila Realty Trust's dividend payout ratio (DPR) is presently 275.86%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SILA. Wells Fargo & Company increased 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sila Realty Trust in a research report on Friday, March 27th. Freedom Capital cut Sila Realty Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Truist Financial set a $28.00 target price on Sila Realty Trust in a research report on Wednesday, March 11th. Finally, Zacks Research raised Sila Realty Trust to a "hold" rating in a research report on Tuesday, March 3rd. Six research analysts have rated the stock with a Hold rating, According to 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.

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