Cresset Asset Management LLC Takes $362,000 Position in Sila Realty Trust, Inc. (NYSE:SILA)

Cresset Asset Management LLC acquired a new stake in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,880 shares of the company's stock, valued at approximately $362,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Carolina Wealth Advisors LLC acquired a new position in shares of Sila Realty Trust in the fourth quarter worth about $26,000. MetLife Investment Management LLC acquired a new stake in shares of Sila Realty Trust in the fourth quarter valued at $39,000. Pineridge Advisors LLC lifted its stake in Sila Realty Trust by 244.0% during the 4th quarter. Pineridge Advisors LLC now owns 3,244 shares of the company's stock worth $79,000 after acquiring an additional 2,301 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Sila Realty Trust by 507.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,465 shares of the company's stock worth $84,000 after purchasing an additional 2,895 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of Sila Realty Trust by 16.8% in the fourth quarter. Sound Income Strategies LLC now owns 5,690 shares of the company's stock valued at $138,000 after purchasing an additional 817 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Sila Realty Trust Price Performance

SILA traded down $0.47 during trading on Wednesday, reaching $25.25. 43,476 shares of the stock were exchanged, compared to its average volume of 371,202. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78. The business's 50 day moving average price is $25.90 and its two-hundred day moving average price is $25.19. Sila Realty Trust, Inc. has a 1 year low of $16.00 and a 1 year high of $27.50. The company has a market capitalization of $1.39 billion and a price-to-earnings ratio of 40.73.

Sila Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.34%. The ex-dividend date is Wednesday, May 21st. Sila Realty Trust's dividend payout ratio (DPR) is 258.06%.

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.