William Blair Investment Management LLC Sells 89,058 Shares of Sila Realty Trust, Inc. $SILA

Key Points

• William Blair Investment Management LLC reduced its stake in Sila Realty Trust by 7.2%, selling 89,058 shares and now holds 1,147,773 shares valued at approximately $27 million.
• Sila Realty Trust recently announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 6.7%, although its payout ratio is notably high at 231.88%.
• Market analysts have an average rating of "Hold" for Sila Realty Trust, with a consensus price target of $27.50, as issued by various research firms.

William Blair Investment Management LLC decreased its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,147,773 shares of the company's stock after selling 89,058 shares during the quarter. William Blair Investment Management LLC owned 2.08% of Sila Realty Trust worth $27,168,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Aberdeen Group plc increased its holdings in shares of Sila Realty Trust by 3.6% during the 1st quarter. Aberdeen Group plc now owns 15,296 shares of the company's stock worth $409,000 after purchasing an additional 536 shares during the period. Focus Partners Wealth increased its holdings in shares of Sila Realty Trust by 1.6% during the 1st quarter. Focus Partners Wealth now owns 36,902 shares of the company's stock worth $986,000 after purchasing an additional 585 shares during the period. Landscape Capital Management L.L.C. increased its holdings in shares of Sila Realty Trust by 2.7% during the 1st quarter. Landscape Capital Management L.L.C. now owns 25,018 shares of the company's stock worth $668,000 after purchasing an additional 663 shares during the period. Amundi increased its holdings in shares of Sila Realty Trust by 2.1% during the 1st quarter. Amundi now owns 32,203 shares of the company's stock worth $869,000 after purchasing an additional 664 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Sila Realty Trust by 1.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 45,528 shares of the company's stock worth $1,216,000 after purchasing an additional 669 shares during the period.

Sila Realty Trust Stock Performance

NYSE SILA opened at $23.90 on Monday. The stock has a market cap of $1.32 billion and a P/E ratio of 34.63. The company's 50-day simple moving average is $24.83 and its 200 day simple moving average is $24.91. Sila Realty Trust, Inc. has a twelve month low of $22.52 and a twelve month high of $27.50. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43.

Sila Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, August 21st. Sila Realty Trust's dividend payout ratio is currently 231.88%.

Analyst Ratings Changes

Several research firms have recently issued reports on SILA. Weiss Ratings restated a "hold (c+)" rating on shares of Sila Realty Trust in a report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Sila Realty Trust in a research note on Tuesday, September 23rd. They issued an "equal weight" rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.50.

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.

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