Financial Gravity Asset Management Inc. Invests $442,000 in Sila Realty Trust, Inc. (NYSE:SILA)

Financial Gravity Asset Management Inc. purchased a new position in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,566 shares of the company's stock, valued at approximately $442,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sila Realty Trust during the 1st quarter worth approximately $39,000. MetLife Investment Management LLC acquired a new stake in shares of Sila Realty Trust during the 4th quarter worth approximately $39,000. KBC Group NV acquired a new stake in shares of Sila Realty Trust during the 1st quarter worth approximately $79,000. ORG Wealth Partners LLC acquired a new stake in shares of Sila Realty Trust during the 1st quarter worth approximately $80,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Sila Realty Trust by 507.9% during the 4th 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.

Sila Realty Trust Price Performance

Sila Realty Trust stock traded up $0.02 during trading on Friday, reaching $23.68. The company had a trading volume of 280,423 shares, compared to its average volume of 554,378. The firm's 50-day simple moving average is $24.55 and its 200 day simple moving average is $24.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $1.31 billion and a PE ratio of 38.19. Sila Realty Trust, Inc. has a 1-year low of $21.29 and a 1-year high of $27.50.

Sila Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.60 dividend on an annualized basis and a yield of 6.76%. Sila Realty Trust's payout ratio is currently 258.06%.

Analyst Ratings Changes

Separately, Truist Financial lifted 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 note on Monday, March 17th.

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.