Geneos Wealth Management Inc. Purchases New Stake in Sila Realty Trust, Inc. (NYSE:SILA)

Geneos Wealth Management Inc. acquired a new stake in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 44,859 shares of the company's stock, valued at approximately $1,091,000. Geneos Wealth Management Inc. owned about 0.08% of Sila Realty Trust at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Sila Realty Trust during the 3rd quarter worth approximately $4,091,000. Geode Capital Management LLC purchased a new position in Sila Realty Trust during the 3rd quarter worth $14,599,000. State Street Corp purchased a new position in Sila Realty Trust during the 3rd quarter worth $22,303,000. JPMorgan Chase & Co. increased its holdings in Sila Realty Trust by 510.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,509 shares of the company's stock worth $923,000 after purchasing an additional 30,533 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in Sila Realty Trust during the 3rd quarter worth $6,949,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SILA. Janney Montgomery Scott began coverage on Sila Realty Trust in a report on Thursday, October 3rd. They issued a "buy" rating and a $28.00 price target on the stock. Truist Financial cut their price target on Sila Realty Trust from $29.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, December 18th.

Sila Realty Trust Trading Up 1.4 %

Shares of SILA traded up $0.35 during mid-day trading on Friday, reaching $24.76. The company had a trading volume of 370,005 shares, compared to its average volume of 279,598. Sila Realty Trust, Inc. has a 52-week low of $7.45 and a 52-week high of $26.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $24.63 and a two-hundred day moving average of $24.48.

Sila Realty Trust (NYSE:SILA - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.32). The business had revenue of $46.12 million for the quarter, compared to analysts' expectations of $46.38 million. Sila Realty Trust had a return on equity of 1.54% and a net margin of 12.11%. As a group, equities research analysts predict that Sila Realty Trust, Inc. will post 2.23 earnings per share for the current fiscal year.

Sila Realty Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.1333 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.46%.

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.