Cetera Investment Advisers Has $6.72 Million Stake in Sila Realty Trust, Inc. (NYSE:SILA)

Cetera Investment Advisers decreased its position in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 11.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 276,429 shares of the company's stock after selling 36,946 shares during the period. Cetera Investment Advisers owned about 0.50% of Sila Realty Trust worth $6,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SILA. Bank of America Corp DE boosted its stake in shares of Sila Realty Trust by 365.5% during the 4th quarter. Bank of America Corp DE now owns 95,952 shares of the company's stock valued at $2,334,000 after buying an additional 75,339 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Sila Realty Trust during the 4th quarter valued at $1,832,000. Aptus Capital Advisors LLC acquired a new stake in shares of Sila Realty Trust during the 4th quarter valued at $219,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of Sila Realty Trust by 504.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 131,876 shares of the company's stock valued at $3,207,000 after buying an additional 110,064 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Sila Realty Trust by 55.0% during the 4th quarter. Northern Trust Corp now owns 205,514 shares of the company's stock valued at $4,998,000 after buying an additional 72,927 shares during the period.

Sila Realty Trust Stock Down 1.2%

SILA stock opened at $25.34 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.37. Sila Realty Trust, Inc. has a 1 year low of $20.20 and a 1 year high of $27.50. The company has a fifty day simple moving average of $25.87 and a 200 day simple moving average of $25.18. The firm has a market cap of $1.40 billion and a PE ratio of 40.87.

Sila Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.31%. The ex-dividend date is Wednesday, May 21st. Sila Realty Trust's payout ratio is presently 258.06%.

Analysts Set New Price Targets

Separately, Truist Financial lifted their target price on shares of Sila Realty Trust from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, March 17th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.