Sunbelt Securities Inc. Trims Stake in Sila Realty Trust, Inc. (NYSE:SILA)

Sunbelt Securities Inc. lessened its holdings in Sila Realty Trust, Inc. (NYSE:SILA) by 32.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,603 shares of the company’s stock after selling 1,245 shares during the period. Sunbelt Securities Inc.’s holdings in Sila Realty Trust were worth $66,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SILA. Long Pond Capital LP bought a new position in Sila Realty Trust in the 2nd quarter worth about $49,981,000. State Street Corp bought a new position in shares of Sila Realty Trust in the third quarter worth approximately $22,303,000. Millennium Management LLC purchased a new stake in Sila Realty Trust in the second quarter valued at approximately $16,010,000. Cambridge Investment Research Advisors Inc. bought a new stake in Sila Realty Trust during the second quarter valued at approximately $15,534,000. Finally, Geode Capital Management LLC purchased a new position in Sila Realty Trust in the 3rd quarter worth approximately $14,599,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SILA. Truist Financial began coverage on shares of Sila Realty Trust in a research report on Monday, October 7th. They issued a “buy” rating and a $29.00 target price for the company. Janney Montgomery Scott started coverage on Sila Realty Trust in a report on Thursday, October 3rd. They issued a “buy” rating and a $28.00 price objective for the company.

Sila Realty Trust Stock Performance

Shares of SILA opened at $25.39 on Monday. Sila Realty Trust, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $26.75. The business has a 50 day simple moving average of $25.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78.

Sila Realty Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.1333 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 6.30%.

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.