LPL Financial LLC Cuts Stake in Sila Realty Trust, Inc. (NYSE:SILA)

Key Points

• LPL Financial LLC reduced its stake in Sila Realty Trust by 11.0% during the first quarter, owning approximately 0.56% of the company after selling 38,116 shares.
• Sila Realty Trust announced a quarterly dividend of $0.40 per share, which will result in an annualized dividend yield of 6.3%, with a payout ratio of 231.88%.
• The stock has experienced a one-year range between a low of $21.29 and a high of $27.50, with a current market cap of $1.40 billion.

LPL Financial LLC lessened its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 11.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 307,186 shares of the company's stock after selling 38,116 shares during the period. LPL Financial LLC owned about 0.56% of Sila Realty Trust worth $8,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Gravity Asset Management Inc. purchased a new position in Sila Realty Trust during the first quarter valued at approximately $442,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sila Realty Trust during the first quarter valued at approximately $39,000. Ameriprise Financial Inc. purchased a new position in Sila Realty Trust during the fourth quarter valued at approximately $1,832,000. Invesco Ltd. increased its holdings in Sila Realty Trust by 231.2% during the fourth quarter. Invesco Ltd. now owns 98,209 shares of the company's stock valued at $2,388,000 after buying an additional 68,559 shares during the period. Finally, Bank of America Corp DE increased its holdings in Sila Realty Trust by 365.5% during the fourth quarter. Bank of America Corp DE now owns 95,952 shares of the company's stock valued at $2,334,000 after buying an additional 75,339 shares during the period.

Sila Realty Trust Stock Down 0.9%

SILA stock traded down $0.22 during trading on Thursday, hitting $24.60. 119,099 shares of the company's stock traded hands, compared to its average volume of 436,361. The firm has a market capitalization of $1.36 billion, a P/E ratio of 35.64 and a beta of 0.01. The business has a fifty day simple moving average of $24.48 and a two-hundred day simple moving average of $25.11. The company has a quick ratio of 0.99, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. Sila Realty Trust, Inc. has a 1 year low of $21.92 and a 1 year high of $27.50.

Sila Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, August 21st. Sila Realty Trust's dividend payout ratio (DPR) is presently 231.88%.

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.