Cresset Asset Management LLC Acquires New Stake in Sila Realty Trust, Inc. (NYSE:SILA)

Cresset Asset Management LLC acquired a new position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,880 shares of the company's stock, valued at approximately $362,000.

Other hedge funds have also made changes to their positions in the company. Carolina Wealth Advisors LLC purchased a new stake in Sila Realty Trust in the 4th quarter valued at about $26,000. MetLife Investment Management LLC acquired a new stake in shares of Sila Realty Trust in the fourth quarter worth approximately $39,000. Pineridge Advisors LLC grew its holdings in Sila Realty Trust by 244.0% in the fourth quarter. Pineridge Advisors LLC now owns 3,244 shares of the company's stock valued at $79,000 after purchasing an additional 2,301 shares during the period. EverSource Wealth Advisors LLC increased its position 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 last quarter. Finally, Sound Income Strategies LLC raised its stake in Sila Realty Trust by 16.8% during the fourth quarter. Sound Income Strategies LLC now owns 5,690 shares of the company's stock worth $138,000 after purchasing an additional 817 shares during the period.

Sila Realty Trust Trading Down 0.2%

SILA traded down $0.04 during trading on Monday, reaching $26.00. The company had a trading volume of 258,349 shares, compared to its average volume of 581,492. The firm's 50-day simple moving average is $25.86 and its 200 day simple moving average is $25.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $1.43 billion and a price-to-earnings ratio of 41.94. Sila Realty Trust, Inc. has a 12-month low of $20.20 and a 12-month high of $27.50.

Sila Realty Trust Announces Dividend

The business 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. The ex-dividend date is Wednesday, May 21st. This represents a $1.60 annualized dividend and a dividend yield of 6.15%. Sila Realty Trust's payout ratio is 258.06%.

Analyst Ratings Changes

Separately, Truist Financial boosted their price objective 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.