Bank of New York Mellon Corp Raises Stock Holdings in Sila Realty Trust, Inc. (NYSE:SILA)

Key Points

• Bank of New York Mellon Corp significantly increased its holdings in Sila Realty Trust by 132.2%, acquiring an additional 24,438 shares during the first quarter, bringing its total shares to 42,928.
• Sila Realty Trust announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend of $1.60 and a dividend yield of 6.6%.
• The stock is trading around $24.39 and has shown a 1-year high of $27.50 and a low of $21.29, with a market capitalization of $1.35 billion.

Bank of New York Mellon Corp lifted its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 132.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,928 shares of the company's stock after acquiring an additional 24,438 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.08% of Sila Realty Trust worth $1,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SILA. Vanguard Group Inc. raised its holdings in shares of Sila Realty Trust by 94.0% in the 4th 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 lifted its stake in shares of 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 worth $51,699,000 after purchasing an additional 1,500,624 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of Sila Realty Trust during the 4th quarter worth $12,625,000. Marshall Wace LLP bought a new stake in Sila Realty Trust during the fourth quarter valued at about $7,514,000. Finally, Dimensional Fund Advisors LP grew its stake in Sila Realty Trust by 424.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 219,803 shares of the company's stock valued at $5,345,000 after purchasing an additional 177,906 shares during the last quarter.

Sila Realty Trust Stock Up 2.0%

Shares of SILA traded up $0.50 during midday trading on Friday, hitting $24.94. 348,056 shares of the company's stock traded hands, compared to its average volume of 398,494. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.38 billion and a price-to-earnings ratio of 40.23. Sila Realty Trust, Inc. has a 1 year low of $21.29 and a 1 year high of $27.50. The firm's fifty day moving average is $24.39 and its 200-day moving average is $25.05.

Sila Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Sila Realty Trust's payout ratio is 258.06%.

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.