Arrowpoint Investment Partners Singapore Pte. Ltd. Purchases Shares of 519,137 Sila Realty Trust, Inc. (NYSE:SILA)

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 519,137 shares of the company's stock, valued at approximately $12,625,000. Sila Realty Trust accounts for about 2.6% of Arrowpoint Investment Partners Singapore Pte. Ltd.'s portfolio, making the stock its 4th largest position. Arrowpoint Investment Partners Singapore Pte. Ltd. owned about 0.94% of Sila Realty Trust at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SILA. MetLife Investment Management LLC acquired a new stake in Sila Realty Trust during the 4th quarter valued at $39,000. Pineridge Advisors LLC raised its position in shares of 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 raised its position in shares of Sila Realty Trust by 507.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,465 shares of the company's stock valued at $84,000 after purchasing an additional 2,895 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Sila Realty Trust by 16.8% during the 4th quarter. Sound Income Strategies LLC now owns 5,690 shares of the company's stock worth $138,000 after buying an additional 817 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV bought a new stake in shares of Sila Realty Trust during the 4th quarter worth about $207,000.

Sila Realty Trust Stock Performance

NYSE:SILA opened at $26.10 on Wednesday. The stock has a 50 day simple moving average of $25.90 and a 200 day simple moving average of $25.19. The stock has a market cap of $1.44 billion and a P/E ratio of 42.10. Sila Realty Trust, Inc. has a 1-year low of $20.20 and a 1-year high of $27.50. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Wednesday, May 21st. Sila Realty Trust's payout ratio is 258.06%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped 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 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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