Alpine Global Management LLC Invests $346,000 in Sila Realty Trust, Inc. (NYSE:SILA)

Alpine Global Management LLC bought a new stake in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,237 shares of the company's stock, valued at approximately $346,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Sila Realty Trust by 94.0% in the fourth quarter. Vanguard Group Inc. now owns 5,133,173 shares of the company's stock valued at $124,839,000 after purchasing an additional 2,487,337 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in Sila Realty Trust by 240.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,125,774 shares of the company's stock valued at $51,699,000 after buying an additional 1,500,624 shares in the last quarter. Conversant Capital LLC increased its position in shares of Sila Realty Trust by 6.4% during the fourth quarter. Conversant Capital LLC now owns 1,924,033 shares of the company's stock valued at $46,792,000 after buying an additional 115,552 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Sila Realty Trust during the fourth quarter valued at about $25,918,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Sila Realty Trust in the fourth quarter worth about $16,253,000.

Wall Street Analyst Weigh In

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 Price Performance

Shares of NYSE SILA traded down $0.43 during midday trading on Wednesday, hitting $24.52. 109,447 shares of the company's stock were exchanged, compared to its average volume of 575,318. The business's fifty day moving average price is $25.74 and its two-hundred day moving average price is $25.18. The company has a market cap of $1.35 billion and a price-to-earnings ratio of 39.56. 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 12-month low of $20.20 and a 12-month high of $27.50.

Sila Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Wednesday, May 21st. Sila Realty Trust's dividend payout ratio is presently 258.06%.

About Sila Realty Trust

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.