Hutchens & Kramer Investment Management Group LLC Makes New $348,000 Investment in Sila Realty Trust, Inc. (NYSE:SILA)

Hutchens & Kramer Investment Management Group LLC bought a new stake in Sila Realty Trust, Inc. (NYSE:SILA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,637 shares of the company’s stock, valued at approximately $348,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SILA. Long Pond Capital LP purchased a new position in Sila Realty Trust in the second quarter valued at approximately $49,981,000. Millennium Management LLC purchased a new position in shares of Sila Realty Trust during the 2nd quarter valued at $16,010,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Sila Realty Trust during the 2nd quarter worth $15,534,000. Cetera Investment Advisers purchased a new stake in Sila Realty Trust in the 2nd quarter worth about $7,547,000. Finally, Madrona Financial Services LLC purchased a new stake in Sila Realty Trust in the 2nd quarter worth about $4,686,000.

Sila Realty Trust Stock Performance

SILA traded up $0.42 during trading on Tuesday, reaching $25.95. 499,266 shares of the company were exchanged, compared to its average volume of 606,137. Sila Realty Trust, Inc. has a 12-month low of $7.45 and a 12-month high of $26.50. The company has a 50-day simple moving average of $24.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.24.

Sila Realty Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.1333 per share. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.16%.

Analyst Ratings Changes

Several research firms have commented on SILA. BNP Paribas assumed coverage on shares of Sila Realty Trust in a report on Tuesday, June 25th. They set an “outperform” rating and a $30.00 price objective on the stock. Janney Montgomery Scott started coverage on shares of Sila Realty Trust in a research note on Thursday, October 3rd. They set a “buy” rating and a $28.00 price target on the stock. Finally, Truist Financial assumed coverage on shares of Sila Realty Trust in a research note on Monday, October 7th. They issued a “buy” rating and a $29.00 price objective for the company.

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.