Global Assets Advisory LLC Reduces Stock Holdings in Sila Realty Trust, Inc. $SILA

Key Points

• Global Assets Advisory LLC has reduced its stake in Sila Realty Trust, decreasing its holdings by 57.9% during the 2nd quarter, leaving approximately 8,881 shares valued at $208,000.
• Sila Realty Trust recently announced a $0.40 quarterly dividend, which translates to a 6.7% yield based on an annual yield of $1.60.
• The company's stock has a market capitalization of $1.32 billion with a PE ratio of 34.78, and currently has a consensus rating of "Hold" from analysts.

Global Assets Advisory LLC lessened its position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 57.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,881 shares of the company's stock after selling 12,239 shares during the quarter. Global Assets Advisory LLC's holdings in Sila Realty Trust were worth $208,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SILA. Wealth Enhancement Advisory Services LLC raised its position in Sila Realty Trust by 6.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,714 shares of the company's stock worth $601,000 after acquiring an additional 1,445 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Sila Realty Trust in the first quarter valued at approximately $277,000. Octavia Wealth Advisors LLC purchased a new position in shares of Sila Realty Trust during the 1st quarter worth approximately $250,000. Harbor Capital Advisors Inc. raised its position in shares of Sila Realty Trust by 2.6% during the 1st quarter. Harbor Capital Advisors Inc. now owns 428,586 shares of the company's stock worth $11,448,000 after purchasing an additional 10,673 shares during the last quarter. Finally, Private Wealth Group LLC acquired a new position in shares of Sila Realty Trust during the 1st quarter worth approximately $215,000.

Sila Realty Trust Trading Down 1.6%

Shares of SILA opened at $24.00 on Tuesday. Sila Realty Trust, Inc. has a fifty-two week low of $22.52 and a fifty-two week high of $27.50. The company has a market capitalization of $1.32 billion and a PE ratio of 34.78. The stock has a fifty day moving average of $25.06 and a two-hundred day moving average of $25.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 0.93.

Sila Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 21st. This represents a $1.60 annualized dividend and a yield of 6.7%. Sila Realty Trust's dividend payout ratio is 231.88%.

Analyst Upgrades and Downgrades

SILA has been the topic of a number of analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sila Realty Trust in a report on Saturday, September 27th. Wells Fargo & Company began coverage on Sila Realty Trust in a research note on Tuesday, September 23rd. They set an "equal weight" rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $27.50.

Sila Realty Trust Company 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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