Northern Trust Corp Purchases 72,927 Shares of Sila Realty Trust, Inc. (NYSE:SILA)

Northern Trust Corp increased its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 55.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,514 shares of the company's stock after acquiring an additional 72,927 shares during the period. Northern Trust Corp owned approximately 0.37% of Sila Realty Trust worth $4,998,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SILA. MetLife Investment Management LLC purchased a new position in Sila Realty Trust in the fourth quarter worth about $39,000. Pineridge Advisors LLC raised its holdings in Sila Realty Trust by 244.0% in the fourth quarter. Pineridge Advisors LLC now owns 3,244 shares of the company's stock worth $79,000 after buying an additional 2,301 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Sila Realty Trust by 507.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,465 shares of the company's stock worth $84,000 after buying an additional 2,895 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Sila Realty Trust by 16.8% in the fourth quarter. Sound Income Strategies LLC now owns 5,690 shares of the company's stock worth $138,000 after buying an additional 817 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in Sila Realty Trust in the fourth quarter worth about $210,000.

Sila Realty Trust Stock Performance

Shares of SILA traded up $0.05 during mid-day trading on Friday, hitting $24.41. 376,326 shares of the company traded hands, compared to its average volume of 577,605. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50-day moving average price of $25.81 and a two-hundred day moving average price of $25.17. Sila Realty Trust, Inc. has a 1 year low of $20.20 and a 1 year high of $27.50. The stock has a market cap of $1.35 billion and a price-to-earnings ratio of 39.37.

Sila Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.60 annualized dividend and a dividend yield of 6.56%. Sila Realty Trust's payout ratio is 258.06%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their target price on shares of Sila Realty Trust from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, March 17th.

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.