LPL Financial LLC Reduces Stock Holdings 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 lowered its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,186 shares of the company's stock after selling 38,116 shares during the quarter. LPL Financial LLC owned approximately 0.56% of Sila Realty Trust worth $8,205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SILA. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sila Realty Trust during the 1st quarter valued at approximately $39,000. MetLife Investment Management LLC purchased a new position in shares of Sila Realty Trust in the 4th quarter worth approximately $39,000. Asset Dedication LLC lifted its stake in shares of Sila Realty Trust by 398.6% during the 1st quarter. Asset Dedication LLC now owns 1,750 shares of the company's stock worth $47,000 after acquiring an additional 1,399 shares during the last quarter. KBC Group NV bought a new stake in shares of Sila Realty Trust during the 1st quarter worth approximately $79,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Sila Realty Trust during the 1st quarter worth approximately $80,000.

Sila Realty Trust Stock Down 0.3%

NYSE SILA traded down $0.09 on Tuesday, reaching $25.34. 366,198 shares of the stock traded hands, compared to its average volume of 399,616. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 0.93. The company has a fifty day moving average price of $24.47 and a 200-day moving average price of $25.11. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 36.72 and a beta of 0.01. Sila Realty Trust, Inc. has a 12 month low of $21.36 and a 12 month high of $27.50.

Sila Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date is Thursday, August 21st. Sila Realty Trust's payout ratio is 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.