PFG Investments LLC Trims Holdings in Sila Realty Trust, Inc. (NYSE:SILA)

PFG Investments LLC lowered its holdings in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 26.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,305 shares of the company's stock after selling 22,952 shares during the period. PFG Investments LLC owned approximately 0.12% of Sila Realty Trust worth $1,744,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SILA. Vanguard Group Inc. grew its holdings in shares of Sila Realty Trust by 94.0% in the fourth quarter. Vanguard Group Inc. now owns 5,133,173 shares of the company's stock valued at $124,839,000 after purchasing an additional 2,487,337 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Sila Realty Trust by 240.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,125,774 shares of the company's stock valued at $51,699,000 after purchasing an additional 1,500,624 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Sila Realty Trust during the 4th quarter worth approximately $25,918,000. Victory Capital Management Inc. acquired a new position in Sila Realty Trust during the 4th quarter worth approximately $16,253,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Sila Realty Trust during the 4th quarter worth approximately $12,625,000.

Sila Realty Trust Stock Up 0.6%

NYSE SILA traded up $0.14 on Friday, hitting $24.19. 773,359 shares of the stock were exchanged, compared to its average volume of 534,499. The company has a 50-day moving average price of $25.21 and a 200-day moving average price of $25.05. Sila Realty Trust, Inc. has a fifty-two week low of $20.24 and a fifty-two week high of $27.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.33 billion and a PE ratio of 39.01.

Sila Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend was Wednesday, May 21st. Sila Realty Trust's payout ratio is 258.06%.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their price target 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.

About Sila Realty Trust

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.