Sila Realty Trust (NYSE:SILA) Releases Earnings Results, Misses Estimates By $0.01 EPS

Sila Realty Trust (NYSE:SILA - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01), Zacks reports. Sila Realty Trust had a net margin of 12.11% and a return on equity of 1.54%. The firm had revenue of $46.55 million during the quarter, compared to analysts' expectations of $45.60 million.

Sila Realty Trust Stock Performance

Shares of SILA traded up $0.46 during trading hours on Friday, reaching $25.40. 1,432,538 shares of the company traded hands, compared to its average volume of 345,779. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.37. Sila Realty Trust has a fifty-two week low of $7.45 and a fifty-two week high of $26.75. The stock has a fifty day simple moving average of $24.45 and a 200 day simple moving average of $24.77.

Sila Realty Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, March 12th.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their price target on Sila Realty Trust from $29.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th.

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.