Sila Realty Trust, Inc. (NYSE:SILA) Stake Cut by JB Capital LLC

JB Capital LLC trimmed its stake in Sila Realty Trust, Inc. (NYSE:SILA) by 4.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 53,282 shares of the company’s stock after selling 2,640 shares during the quarter. JB Capital LLC’s holdings in Sila Realty Trust were worth $1,347,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. HF Advisory Group LLC lifted its stake in Sila Realty Trust by 51.6% in the third quarter. HF Advisory Group LLC now owns 49,283 shares of the company’s stock valued at $1,246,000 after buying an additional 16,785 shares during the last quarter. Clarity Financial LLC bought a new stake in Sila Realty Trust in the third quarter valued at $223,000. Van ECK Associates Corp bought a new stake in Sila Realty Trust in the third quarter valued at $256,000. Harbor Capital Advisors Inc. bought a new stake in shares of Sila Realty Trust during the third quarter valued at about $6,949,000. Finally, Realta Investment Advisors bought a new stake in shares of Sila Realty Trust during the third quarter valued at about $295,000.

Wall Street Analysts Forecast Growth

SILA has been the topic of a number of research analyst reports. Janney Montgomery Scott initiated coverage on Sila Realty Trust in a report on Thursday, October 3rd. They set a “buy” rating and a $28.00 target price on the stock. Truist Financial started 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 Trading Up 2.2 %

Shares of Sila Realty Trust stock traded up $0.53 during mid-day trading on Thursday, reaching $24.53. 101,978 shares of the stock were exchanged, compared to its average volume of 578,473. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $25.21. Sila Realty Trust, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $26.50.

Sila Realty Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.1333 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.52%. The ex-dividend date is Thursday, October 31st.

Sila Realty Trust 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.