Punch & Associates Investment Management Inc. Acquires 134,454 Shares of Sila Realty Trust, Inc. $SILA

Key Points

• Punch & Associates Investment Management Inc. increased its stake in Sila Realty Trust by 14.5%, making it the firm's 6th largest position, with shares valued at approximately $28.42 million.
• Institutional investor activity is robust, as other firms like Millennium Management LLC and Dimensional Fund Advisors LP significantly increased their holdings in Sila Realty Trust over recent quarters.
• Sila Realty Trust recently announced a quarterly dividend of $0.40 per share, reflecting a 6.3% dividend yield with a payout ratio of 231.88%.

Punch & Associates Investment Management Inc. grew its holdings in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,064,088 shares of the company's stock after purchasing an additional 134,454 shares during the quarter. Sila Realty Trust makes up about 1.9% of Punch & Associates Investment Management Inc.'s portfolio, making the stock its 6th biggest holding. Punch & Associates Investment Management Inc. owned approximately 1.93% of Sila Realty Trust worth $28,422,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Financial Gravity Asset Management Inc. acquired a new position in Sila Realty Trust during the first quarter worth about $442,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sila Realty Trust in the 1st quarter valued at about $39,000. Ameriprise Financial Inc. purchased a new position in Sila Realty Trust in the 4th quarter worth approximately $1,832,000. Bank of America Corp DE boosted its holdings in shares of Sila Realty Trust by 365.5% during the 4th quarter. Bank of America Corp DE now owns 95,952 shares of the company's stock worth $2,334,000 after purchasing an additional 75,339 shares during the last quarter. Finally, Armis Advisers LLC acquired a new position in shares of Sila Realty Trust during the 4th quarter worth approximately $965,000.

Sila Realty Trust Price Performance

Shares of SILA stock traded down $0.07 during trading hours on Tuesday, reaching $25.46. The company had a trading volume of 176,402 shares, compared to its average volume of 271,543. Sila Realty Trust, Inc. has a 12-month low of $22.52 and a 12-month high of $27.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day moving average of $24.78 and a 200-day moving average of $25.11. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 36.90 and a beta of 0.01.

Sila Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date was Thursday, August 21st. Sila Realty Trust's dividend payout ratio (DPR) 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.