Regatta Capital Group LLC Trims Holdings in Sila Realty Trust, Inc. $SILA

Key Points

• Regatta Capital Group LLC reduced its holdings in Sila Realty Trust, Inc. by 66.7% during Q2, owning 10,935 shares valued at approximately $259,000 after selling 21,869 shares.
• Wells Fargo initiated coverage on Sila Realty Trust, setting an "equal weight" rating with a price target of $27.00, amid a consensus target price of $27.67 from analysts.
• Sila Realty Trust recently declared a quarterly dividend of $0.40, providing an annualized yield of 6.4%, with a high payout ratio of 231.88%.

Regatta Capital Group LLC trimmed its position in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 66.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,935 shares of the company's stock after selling 21,869 shares during the quarter. Regatta Capital Group LLC's holdings in Sila Realty Trust were worth $259,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SILA. Millennium Management LLC raised its position in Sila Realty Trust by 114.4% during the first quarter. Millennium Management LLC now owns 607,111 shares of the company's stock valued at $16,216,000 after acquiring an additional 323,917 shares in the last quarter. Jane Street Group LLC raised its position in Sila Realty Trust by 25,141.8% during the first quarter. Jane Street Group LLC now owns 224,904 shares of the company's stock valued at $6,007,000 after acquiring an additional 224,013 shares in the last quarter. WPG Advisers LLC purchased a new position in Sila Realty Trust during the first quarter valued at approximately $4,291,000. Punch & Associates Investment Management Inc. raised its position in Sila Realty Trust by 14.5% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,064,088 shares of the company's stock valued at $28,422,000 after acquiring an additional 134,454 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in Sila Realty Trust during the first quarter valued at approximately $3,133,000.

Analysts Set New Price Targets

Separately, Wells Fargo & Company began coverage on Sila Realty Trust in a research report on Tuesday. They set an "equal weight" rating and a $27.00 price target for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.67.

Sila Realty Trust Stock Down 0.2%

Sila Realty Trust stock opened at $25.02 on Friday. The stock has a market capitalization of $1.38 billion, a PE ratio of 36.26 and a beta of 0.01. Sila Realty Trust, Inc. has a 12 month low of $22.52 and a 12 month high of $27.50. The business has a 50 day simple moving average of $25.13 and a 200-day simple moving average of $25.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93.

Sila Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.40 dividend. The ex-dividend date was Thursday, August 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Sila Realty Trust's payout ratio is 231.88%.

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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