Conversant Capital LLC Sells 446,364 Shares of Sila Realty Trust, Inc. $SILA

Key Points

• Conversant Capital LLC has reduced its holdings in Sila Realty Trust by 23.2%, making it the fund's second largest position at approximately 6.5% of its portfolio.
• Sila Realty Trust recently announced a quarterly dividend of $0.40, reflecting a high payout ratio of 231.88% and a dividend yield of 6.4%.
• The company's stock performance remains steady, with a market capitalization of $1.37 billion and a current stock price of $24.87.

Conversant Capital LLC lowered its position in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 23.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,477,669 shares of the company's stock after selling 446,364 shares during the period. Sila Realty Trust accounts for 6.5% of Conversant Capital LLC's portfolio, making the stock its 2nd largest holding. Conversant Capital LLC owned 2.68% of Sila Realty Trust worth $39,469,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC raised its holdings in shares of Sila Realty Trust by 240.0% during the 4th 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. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of Sila Realty Trust in the fourth quarter worth about $12,625,000. Dimensional Fund Advisors LP lifted its position in shares of Sila Realty Trust by 424.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 219,803 shares of the company's stock worth $5,345,000 after buying an additional 177,906 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of Sila Realty Trust during the 1st quarter worth about $4,291,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Sila Realty Trust during the 1st quarter valued at about $3,133,000.

Sila Realty Trust Stock Performance

Shares of SILA stock traded up $0.06 during trading on Friday, reaching $24.95. The company had a trading volume of 197,777 shares, compared to its average volume of 309,912. The firm's 50 day simple moving average is $24.61 and its two-hundred day simple moving average is $25.10. 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, Inc. has a one year low of $22.52 and a one year high of $27.50. The company has a market capitalization of $1.38 billion, a PE ratio of 36.16 and a beta of 0.01.

Sila Realty Trust Announces Dividend

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

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.