PFG Investments LLC Cuts Stake in Sila Realty Trust, Inc. $SILA

Key Points

• PFG Investments LLC reduced its stake in Sila Realty Trust by 40.1% during the 2nd quarter, holding 39,139 shares worth approximately $926,000 after selling 26,166 shares.
• Sila Realty Trust recently announced a quarterly dividend of $0.40 per share, resulting in an annualized payout of $1.60 and a yield of 6.5%.
• Wells Fargo & Company set an equal weight rating for Sila Realty Trust, with a target price of $27.00, while the average rating for the stock remains a "Moderate Buy".

PFG Investments LLC decreased its position in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 40.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,139 shares of the company's stock after selling 26,166 shares during the period. PFG Investments LLC owned about 0.07% of Sila Realty Trust worth $926,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Aberdeen Group plc boosted its holdings in Sila Realty Trust by 3.6% in the 1st quarter. Aberdeen Group plc now owns 15,296 shares of the company's stock valued at $409,000 after purchasing an additional 536 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Sila Realty Trust by 1.6% in the 1st quarter. Focus Partners Wealth now owns 36,902 shares of the company's stock valued at $986,000 after buying an additional 585 shares during the period. Landscape Capital Management L.L.C. boosted its stake in shares of Sila Realty Trust by 2.7% in the first quarter. Landscape Capital Management L.L.C. now owns 25,018 shares of the company's stock valued at $668,000 after buying an additional 663 shares in the last quarter. Amundi grew its holdings in Sila Realty Trust by 2.1% during the first quarter. Amundi now owns 32,203 shares of the company's stock worth $869,000 after acquiring an additional 664 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Sila Realty Trust by 1.5% in the first quarter. Geneos Wealth Management Inc. now owns 45,528 shares of the company's stock worth $1,216,000 after acquiring an additional 669 shares in the last quarter.

Sila Realty Trust Trading Down 1.2%

Shares of SILA stock opened at $24.68 on Friday. Sila Realty Trust, Inc. has a fifty-two week low of $22.52 and a fifty-two week high of $27.50. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $25.10 and a 200-day simple moving average of $25.12. The stock has a market cap of $1.36 billion and a P/E ratio of 35.76.

Sila Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 21st. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. Sila Realty Trust's payout ratio is presently 231.88%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company assumed coverage on shares of Sila Realty Trust in a research report on Tuesday, September 23rd. They set an "equal weight" rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sila Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $27.50.

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.

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