Man Group plc raised its stake in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 210.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,282 shares of the company's stock after purchasing an additional 34,749 shares during the period. Man Group plc owned 0.09% of Sila Realty Trust worth $1,247,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in SILA. MetLife Investment Management LLC acquired a new stake in shares of Sila Realty Trust in the 4th quarter worth $39,000. Pineridge Advisors LLC lifted 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 valued at $79,000 after purchasing an additional 2,301 shares during the period. EverSource Wealth Advisors LLC lifted 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 valued at $84,000 after purchasing an additional 2,895 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Sila Realty Trust by 16.8% in the fourth quarter. Sound Income Strategies LLC now owns 5,690 shares of the company's stock valued at $138,000 after purchasing an additional 817 shares during the period. Finally, Nissay Asset Management Corp Japan ADV acquired a new position in Sila Realty Trust during the fourth quarter worth about $207,000.
Sila Realty Trust Price Performance
SILA traded down $0.07 during midday trading on Thursday, reaching $24.76. 83,432 shares of the company's stock were exchanged, compared to its average volume of 371,958. The business's 50-day moving average price is $25.72 and its 200 day moving average price is $25.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $1.37 billion and a PE ratio of 39.94. Sila Realty Trust, Inc. has a 1-year low of $16.00 and a 1-year high of $27.50.
Sila Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend is Wednesday, May 21st. Sila Realty Trust's dividend payout ratio is presently 258.06%.
Analyst Ratings Changes
Separately, Truist Financial lifted their target price on shares of Sila Realty Trust from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, March 17th.
Check Out Our Latest Research Report on Sila Realty Trust
Sila Realty Trust Company Profile
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Free Report)
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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