Sila Realty Trust, Inc. $SILA Shares Sold by Focus Financial Network Inc.

Key Points

• Focus Financial Network Inc. has reduced its stake in Sila Realty Trust, Inc. by 64.8%, selling 28,394 shares and now holding 15,410 shares valued at $365,000.
• Sila Realty Trust announced a quarterly dividend of $0.40, yielding 6.2%, with a payout ratio of 231.88%.
• The company has a market capitalization of $1.43 billion, with shares trading at $25.86, a one-year low of $22.52, and a high of $27.50.

Focus Financial Network Inc. decreased its position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 64.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,410 shares of the company's stock after selling 28,394 shares during the period. Focus Financial Network Inc.'s holdings in Sila Realty Trust were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Krilogy Financial LLC bought a new position in Sila Realty Trust during the second quarter valued at $373,000. Harbor Capital Advisors Inc. increased its position in Sila Realty Trust by 10.9% during the second quarter. Harbor Capital Advisors Inc. now owns 475,265 shares of the company's stock valued at $11,250,000 after acquiring an additional 46,679 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Sila Realty Trust by 10.0% during the first quarter. Goldman Sachs Group Inc. now owns 253,075 shares of the company's stock valued at $6,760,000 after acquiring an additional 22,960 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Sila Realty Trust by 1.5% during the first quarter. Geneos Wealth Management Inc. now owns 45,528 shares of the company's stock valued at $1,216,000 after acquiring an additional 669 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Sila Realty Trust by 1.6% in the first quarter. Focus Partners Wealth now owns 36,902 shares of the company's stock worth $986,000 after purchasing an additional 585 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company began coverage on shares of Sila Realty Trust in a report on Tuesday. They issued an "equal weight" rating and a $27.00 price target on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.67.

Sila Realty Trust Stock Down 0.6%

Shares of SILA stock traded down $0.15 during mid-day trading on Tuesday, hitting $25.47. 101,769 shares of the stock traded hands, compared to its average volume of 413,166. The stock has a market cap of $1.40 billion, a P/E ratio of 36.90 and a beta of 0.01. The stock's fifty day moving average is $25.08 and its two-hundred day moving average is $25.14. Sila Realty Trust, Inc. has a 52-week low of $22.52 and a 52-week high of $27.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93.

Sila Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Thursday, August 21st. Sila Realty Trust's dividend payout ratio is presently 231.88%.

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.