Regatta Capital Group LLC Cuts Stock Position in Sila Realty Trust, Inc. (NYSE:SILA)

Regatta Capital Group LLC lessened its holdings in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 36.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,804 shares of the company's stock after selling 19,066 shares during the quarter. Regatta Capital Group LLC owned about 0.06% of Sila Realty Trust worth $876,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. abrdn plc boosted its stake in shares of Sila Realty Trust by 30.6% during the 4th quarter. abrdn plc now owns 14,760 shares of the company's stock worth $355,000 after acquiring an additional 3,460 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Sila Realty Trust in the 4th quarter worth approximately $1,453,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Sila Realty Trust in the fourth quarter valued at $324,000. Apollon Wealth Management LLC raised its holdings in shares of Sila Realty Trust by 16.7% in the 4th quarter. Apollon Wealth Management LLC now owns 30,640 shares of the company's stock valued at $745,000 after buying an additional 4,385 shares during the period. Finally, Pineridge Advisors LLC lifted its stake in Sila Realty Trust by 244.0% during the 4th quarter. Pineridge Advisors LLC now owns 3,244 shares of the company's stock worth $79,000 after acquiring an additional 2,301 shares in the last quarter.

Sila Realty Trust Stock Up 0.9%

Shares of NYSE:SILA traded up $0.22 during trading hours on Thursday, reaching $24.37. The stock had a trading volume of 327,828 shares, compared to its average volume of 565,231. Sila Realty Trust, Inc. has a 1 year low of $20.20 and a 1 year high of $27.50. The firm's 50 day moving average is $25.37 and its 200-day moving average is $25.16. The stock has a market capitalization of $1.34 billion and a price-to-earnings ratio of 39.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.78 and a current ratio of 0.78.

Sila Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.57%. Sila Realty Trust's payout ratio is currently 258.06%.

Analysts Set New Price Targets

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 research note on Monday, March 17th.

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.