Bank of America Corp DE Acquires 75,339 Shares of Sila Realty Trust, Inc. (NYSE:SILA)

Bank of America Corp DE boosted its position in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 365.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 95,952 shares of the company's stock after purchasing an additional 75,339 shares during the period. Bank of America Corp DE owned about 0.17% of Sila Realty Trust worth $2,334,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SILA. Blue Trust Inc. lifted its stake in Sila Realty Trust by 5.6% in the 4th quarter. Blue Trust Inc. now owns 9,138 shares of the company's stock valued at $231,000 after purchasing an additional 481 shares during the last quarter. Spire Wealth Management acquired a new stake in Sila Realty Trust in the 4th quarter valued at about $762,000. abrdn plc lifted its stake in Sila Realty Trust by 30.6% in the 4th quarter. abrdn plc now owns 14,760 shares of the company's stock valued at $355,000 after purchasing an additional 3,460 shares during the last quarter. Silverlake Wealth Management LLC acquired a new stake in Sila Realty Trust in the 4th quarter valued at about $438,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Sila Realty Trust in the 4th quarter valued at about $1,453,000.

Sila Realty Trust Stock Performance

SILA stock traded down $0.14 during mid-day trading on Friday, hitting $24.37. 199,470 shares of the company were exchanged, compared to its average volume of 569,441. The business has a 50 day simple moving average of $25.54 and a 200-day simple moving average of $25.19. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.34 billion and a PE ratio of 39.31. Sila Realty Trust, Inc. has a 1-year low of $20.20 and a 1-year high of $27.50.

Sila Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.60 annualized dividend and a yield of 6.56%. Sila Realty Trust's dividend payout ratio (DPR) is presently 258.06%.

Wall Street Analyst Weigh In

Separately, Truist Financial raised their price objective on shares of Sila Realty Trust from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, March 17th.

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.