Sila Realty Trust (NYSE:SILA) Stock

Sila Realty Trust

Sila Realty Trust Inc is a real estate investment trust. Its investment objective is to pay regular cash distributions to stockholders and to preserve, protect, and return capital contributions to stockholders. The company owns and manages healthcare assets. The company generates revenue from real estate investments in healthcare properties.

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SILA

Sila Realty Trust (NYSE: SILA) stock climbed 44% since IPO, expected to provide attractive returns. Analyst initiates coverage with Buy rating and $29 price target.

Sila Realty Trust Praised For &#39;Lowest Financial Leverage&#39; And Diversified Portfolio

Sila Realty Trust Inc

Sila Realty Trust Inc Ordinary Shares - Class A

Sila Realty Trust Inc Ordinary Shares - Class I (New)

Sila Realty Trust Inc Ordinary Shares - Class T

News

Sila Realty Trust Announced The Closing Of A New $600M Revolving Credit Facility, And Also Entered Into Conforming Amendments To Its Outstanding Term Loans In Connection With The Revolving Credit Agreement

Truist Securities analyst Michael Lewis maintains Sila Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILA#NYSE">SILA</a>) with a Buy and lowers the price target from $29 to $28.

Price Target

Truist Securities Maintains Buy on Sila Realty Trust, Lowers Price Target to $28

Sila Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILA#NYSE">SILA</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.52 by 9.62 percent. The company reported quarterly sales of $46.118 million which missed the analyst consensus estimate of $46.380 million by 0.56 percent. This is a 4.99 percent decrease over sales of $48.542 million the same period last year.

Earnings

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Sila Realty Trust Q3 2024 FFO $0.57 Beats $0.52 Estimate, Sales $46.118M Miss $46.380M Estimate

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Earnings Scheduled For November 12, 2024

Shares of Sila Realty Trust Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILA#NYSE">SILA</a>) gained on Monday following a positive analyst outlook, which highlighted optimism about<a href="https://www.benzinga.com/topic/real-estate-investing"> the stock&#8217;s potential.</a>
The stock, which was listed on the NYSE on June 13, is likely to provide attractive risk-adjusted returns over the next 12 month, according to Truist Securities.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c1499eb85e93000132aac1/michael-lewis">Analyst Michael Lewis</a> initiated coverage of Sila Realty Trust with a Buy rating and price target of $29.
The Sila Realty Trust Thesis: The company has a high-quality portfolio, good external growth profile, and strong balance sheet, Lewis said in the initiation note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"SILA earned 37% of 2Q24 annualized base rent (ABR) from medical outpatient buildings, 34% from inpatient rehabilitation facilities and 29% from surgical &amp; specialty facilities, providing a diversified healthcare real estate portfolio within a triple-net lease structure," the analyst wrote. "The portfolio offers very high occupancy, long lease term, strong rent coverage, and most tenants with rated credit," he added.
"SILA has the lowest financial leverage in our coverage universe, an improving cost of capital, and a relatively small size, which we think provides an attractive external growth opportunity," Lewis stated.
SILA Price Action: Shares of Sila Realty Trust were up 0.6% to $25.30 at the time of publication on Monday.
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Image created using artificial intelligence via Midjourney.

Sila Realty Trust Praised For 'Lowest Financial Leverage' And Diversified Portfolio

Truist Securities analyst Michael Lewis initiates coverage on Sila Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILA#NYSE">SILA</a>) with a Buy rating and announces Price Target of $29.

Truist Securities Initiates Coverage On Sila Realty Trust with Buy Rating, Announces Price Target of $29

Sila Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILA#NYSE">SILA</a>) ("Sila", the "Company", "we", or "us"), a net lease real estate investment trust ("REIT") with a strategic focus on investing in the large, growing, and resilient healthcare sector, today announced operating results for the second quarter ended June 30, 2024.
Highlights for the quarter ended June 30, 2024:
<ul>
<li>Listed on the New York Stock Exchange, or the NYSE, on June 13, 2024</li>
<li>Net income of $4.6 million, or $0.08 per diluted share</li>
<li>Cash net operating income&#x2A;, or NOI, of $39.9 million</li>
<li>Adjusted funds from operations&#x2A;, or AFFO, of $30.8 million, or $0.54 per diluted share</li>
<li>Declared regular monthly cash dividends per share of $0.1333, representing an aggregate $0.40 per share for the quarter</li>
<li>Acquired a $10.8 million medical outpatient building in Reading, Pennsylvania</li>
</ul>

Sila Realty Trust Q2 2024 AFFO $0.54 Down From $0.55 YoY; EPS $0.08 Up From $0.07 YoY; Rental Revenue $43.55M Down From $44.965M YoY

Sila Realty Trust Announced The Final Results Of Its Modified "dutch Auction" Tender Offer To Purchase For Cash Up To $50M In Value Of Shares Of The Company's Common Stock

Exane BNP Paribas analyst Stefan Slowinski initiates coverage on Sila Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILA#NYSE">SILA</a>) with a Outperform rating and announces Price Target of $30.

Exane BNP Paribas Initiates Coverage On Sila Realty Trust with Outperform Rating, Announces Price Target of $30

Press Releases

Sila Realty Trust, Inc. to Report Second Quarter Financial Results on Tuesday, August 6

Sila Realty Trust, Inc. Announces Preliminary Results of Modified "Dutch Auction" Tender Offer

Sila Realty Trust, Inc. Announces Final Results of Modified "Dutch Auction" Tender Offer

Sila Realty Trust, Inc. Completes $28.25 Million Acquisition of Fort Smith Inpatient Rehabilitation Facility

Sila Realty Trust Announces Second Quarter 2024 Results

Sila Realty Trust, Inc. Provides Update After Hurricanes

Sila Realty Trust, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call

Sila Realty Trust Announces Third Quarter 2024 Results

Sila Realty Trust Announces Fourth Quarter and Year Ended 2024 Earnings Release Date and Conference Call

Sila Realty Trust Announces New $600 Million Revolving Credit Facility

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