Prime Capital Investment Advisors LLC Has $1.36 Million Position in Sila Realty Trust, Inc. $SILA

Key Points

• Prime Capital Investment Advisors LLC has reduced its stake in Sila Realty Trust by 24%, now holding approximately 0.10% of the company, worth about $1.36 million.
• Sila Realty Trust recently announced a quarterly dividend of $0.40 per share, equating to an annual yield of 6.7%, despite a high payout ratio of 231.88%.
• Market analysts have given Sila Realty Trust an average rating of "Hold" with a consensus target price of $27.50, after recent coverage from multiple brokerages.

Prime Capital Investment Advisors LLC lowered its holdings in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 24.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,477 shares of the company's stock after selling 18,141 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.10% of Sila Realty Trust worth $1,360,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sila Realty Trust in the first quarter worth $39,000. Asset Dedication LLC lifted its stake in shares of Sila Realty Trust by 398.6% during the first quarter. Asset Dedication LLC now owns 1,750 shares of the company's stock valued at $47,000 after acquiring an additional 1,399 shares during the period. Avalon Trust Co acquired a new position in shares of Sila Realty Trust during the first quarter valued at $47,000. KBC Group NV acquired a new position in shares of Sila Realty Trust during the first quarter valued at $79,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Sila Realty Trust during the first quarter valued at $80,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SILA. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sila Realty Trust in a research note on Wednesday. Wells Fargo & Company began coverage on Sila Realty Trust in a research note on Tuesday, September 23rd. They set an "equal weight" rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Sila Realty Trust currently has an average rating of "Hold" and a consensus target price of $27.50.

Sila Realty Trust Trading Up 0.0%

NYSE SILA opened at $23.94 on Thursday. The stock has a 50-day simple moving average of $25.02 and a 200 day simple moving average of $25.06. The company has a market capitalization of $1.32 billion and a PE ratio of 34.70. 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 12 month low of $22.52 and a 12 month high of $27.50.

Sila Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, August 21st. Sila Realty Trust's dividend payout ratio is currently 231.88%.

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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