Allianz Asset Management GmbH Acquires Shares of 323,714 Sila Realty Trust, Inc. $SILA

Key Points

• Allianz Asset Management GmbH has acquired a stake of 323,714 shares in Sila Realty Trust, Inc., valued at approximately $7.66 million, representing about 0.59% of the company.
• Sila Realty Trust has declared a quarterly $0.40 dividend, which translates to an annualized dividend of $1.60 and a dividend yield of 6.7%, despite a high payout ratio of 231.88%.
• Industry analysts maintain a consensus rating of "Hold" for the stock, with a price target averaging $27.33, following recent coverage from various financial institutions.

Allianz Asset Management GmbH acquired a new stake in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 323,714 shares of the company's stock, valued at approximately $7,662,000. Allianz Asset Management GmbH owned about 0.59% of Sila Realty Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new position in Sila Realty Trust in the 1st quarter valued at about $442,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sila Realty Trust during the first quarter worth about $39,000. Charles Schwab Investment Management Inc. raised its stake in Sila Realty Trust by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 678,529 shares of the company's stock worth $18,124,000 after acquiring an additional 39,523 shares during the period. Vanguard Group Inc. raised its stake in Sila Realty Trust by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,187,078 shares of the company's stock worth $138,547,000 after acquiring an additional 53,905 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in Sila Realty Trust during the first quarter worth about $545,000.

Sila Realty Trust Price Performance

Shares of NYSE:SILA opened at $23.77 on Wednesday. The firm's 50 day moving average is $24.77 and its two-hundred day moving average is $24.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.31 billion and a P/E ratio of 34.44. Sila Realty Trust, Inc. has a 52 week low of $22.52 and a 52 week high of $27.50.

Sila Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a $0.40 dividend. The ex-dividend date was Thursday, August 21st. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. Sila Realty Trust's dividend payout ratio (DPR) is 231.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SILA shares. Wells Fargo & Company started coverage on shares of Sila Realty Trust in a research note on Tuesday, September 23rd. They set an "equal weight" rating and a $27.00 price objective on the stock. Wolfe Research started coverage on shares of Sila Realty Trust in a research note on Monday. They set a "peer perform" rating and a $27.00 price objective on the stock. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Sila Realty Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $27.33.

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.

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