Nuveen Asset Management LLC Decreases Stock Position in Sila Realty Trust, Inc. (NYSE:SILA)

Nuveen Asset Management LLC reduced its position in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,189 shares of the company's stock after selling 49,718 shares during the quarter. Nuveen Asset Management LLC owned about 0.24% of Sila Realty Trust worth $3,191,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC purchased a new stake in shares of Sila Realty Trust in the fourth quarter worth approximately $39,000. Pineridge Advisors LLC raised its stake in shares of 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 purchasing an additional 2,301 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 2,895 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Sila Realty Trust in the fourth quarter worth approximately $210,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Sila Realty Trust in the fourth quarter worth approximately $219,000.

Sila Realty Trust Stock Performance

Shares of SILA stock traded down $0.17 during trading on Thursday, hitting $24.48. The company's stock had a trading volume of 232,109 shares, compared to its average volume of 570,951. The company has a market cap of $1.35 billion and a PE ratio of 39.48. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $25.59 and a 200-day moving average of $25.19. Sila Realty Trust, Inc. has a 52 week low of $20.20 and a 52 week high of $27.50.

Sila Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend was Wednesday, May 21st. Sila Realty Trust's dividend payout ratio is currently 258.06%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped their target price on Sila Realty Trust from $27.00 to $28.00 and gave the company 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.