Madrona Financial Services LLC Sells 12,707 Shares of Sila Realty Trust, Inc. $SILA

Key Points

• Madrona Financial Services LLC reduced its stake in Sila Realty Trust by 6.2%, selling 12,707 shares and now holds 191,543 shares worth approximately $4.5 million.
• Sila Realty Trust recently declared a quarterly dividend of $0.40 per share, representing an annualized payout of $1.60 and a yield of 6.4%.
• Wells Fargo initiated coverage on Sila Realty Trust with an "equal weight" rating and a target price of $27.00, contributing to an overall average rating of "Moderate Buy" among analysts.

Madrona Financial Services LLC trimmed its position in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,543 shares of the company's stock after selling 12,707 shares during the quarter. Sila Realty Trust accounts for 1.1% of Madrona Financial Services LLC's portfolio, making the stock its 20th largest position. Madrona Financial Services LLC owned about 0.35% of Sila Realty Trust worth $4,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Sila Realty Trust by 1.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,786 shares of the company's stock valued at $3,983,000 after buying an additional 2,029 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Sila Realty Trust by 6.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,714 shares of the company's stock worth $601,000 after purchasing an additional 1,445 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Sila Realty Trust in the first quarter worth about $277,000. Octavia Wealth Advisors LLC bought a new position in Sila Realty Trust during the first quarter worth about $250,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Sila Realty Trust by 2.6% during the first quarter. Harbor Capital Advisors Inc. now owns 428,586 shares of the company's stock valued at $11,448,000 after purchasing an additional 10,673 shares in the last quarter.

Sila Realty Trust Price Performance

Shares of Sila Realty Trust stock opened at $25.00 on Thursday. The stock has a market capitalization of $1.38 billion and a price-to-earnings ratio of 36.24. The firm's 50-day moving average price is $25.12 and its two-hundred day moving average price is $25.13. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43. Sila Realty Trust, Inc. has a 1-year low of $22.52 and a 1-year high of $27.50.

Sila Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Thursday, August 21st. Sila Realty Trust's dividend payout ratio (DPR) is currently 231.88%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company initiated coverage on Sila Realty Trust in a report on Tuesday, September 23rd. They issued an "equal weight" rating and a $27.00 target price for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.67.

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.

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