Sila Realty Trust (NYSE:SILA) Reaches New 52-Week High - What's Next?

Key Points

• Sila Realty Trust hit a new 52-week high of $30.61 (last $30.5750) on heavy volume (511,668 shares) and is trading above its 50- and 200-day moving averages ($25.77 and $24.50).
• Analysts hold a consensus Hold rating (six analysts) with an average target of $29.00, while individual targets vary (Wells Fargo raised its target to $30; Truist at $28).
• The company pays a quarterly $0.40 dividend (annualized $1.60, a 5.2% dividend yield275.86%) and recently reported an EPS miss ($0.09 vs. $0.55 expected), raising questions about dividend sustainability.

Sila Realty Trust, Inc. (NYSE:SILA - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $30.61 and last traded at $30.5750, with a volume of 511668 shares changing hands. The stock had previously closed at $30.43.

Wall Street Analysts Forecast Growth

Several research firms have commented on SILA. Zacks Research upgraded Sila Realty Trust to a "hold" rating in a report on Tuesday, March 3rd. Truist Financial set a $28.00 target price on shares of Sila Realty Trust in a research report on Wednesday, March 11th. Freedom Capital lowered shares of Sila Realty Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sila Realty Trust in a research note on Friday, March 27th. Finally, Wells Fargo & Company lifted their price target on shares of Sila Realty Trust from $25.00 to $30.00 and gave the company an "equal weight" rating in a report on Tuesday, April 21st. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $29.00.

Sila Realty Trust Price Performance

The company has a market cap of $1.69 billion, a price-to-earnings ratio of 52.75 and a beta of 1.01. The company's 50-day simple moving average is $25.77 and its 200-day simple moving average is $24.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 1.17.

Sila Realty Trust (NYSE:SILA - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.46). The firm had revenue of $50.70 million for 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%. On average, equities research analysts anticipate that Sila Realty Trust, Inc. will post 2.24 EPS for the current year.

Sila Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 5.2%. Sila Realty Trust's dividend payout ratio (DPR) is presently 275.86%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. HighPoint Advisor Group LLC boosted its stake in Sila Realty Trust by 2.4% in the fourth 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. Golden State Wealth Management LLC lifted its position in Sila Realty Trust by 87.6% in the 4th quarter. Golden State Wealth Management LLC now owns 1,071 shares of the company's stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Sila Realty Trust by 2.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,496 shares of the company's stock valued at $478,000 after purchasing an additional 529 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake 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 valued at $31,000 after purchasing an additional 585 shares during the period. Finally, Focus Partners Wealth grew its position in Sila Realty Trust by 1.6% in the 1st quarter. Focus Partners Wealth now owns 36,902 shares of the company's stock worth $986,000 after purchasing an additional 585 shares during the last quarter.

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.

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