Zurcher Kantonalbank Zurich Cantonalbank Purchases 11,500 Shares of Sila Realty Trust, Inc. (NYSE:SILA)

Key Points

• Zurcher Kantonalbank increased its stake in Sila Realty Trust by 54.7%, owning 32,520 shares worth approximately $869,000 at the end of the last quarter.
• Sila Realty Trust announced a quarterly dividend of $0.40 per share, which represents a yield of 6.3% and an annualized dividend of $1.60.
• The firm's stock performance shows a trading volume of 300,134 shares on Wednesday and a market cap of $1.40 billion, with a P/E ratio of 40.94.

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 54.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,520 shares of the company's stock after acquiring an additional 11,500 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Sila Realty Trust worth $869,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sila Realty Trust in the 1st quarter valued at approximately $39,000. MetLife Investment Management LLC bought a new stake in shares of Sila Realty Trust in the fourth quarter valued at approximately $39,000. Asset Dedication LLC grew its stake in shares of Sila Realty Trust by 398.6% in the first quarter. Asset Dedication LLC now owns 1,750 shares of the company's stock worth $47,000 after acquiring an additional 1,399 shares during the last quarter. KBC Group NV bought a new position in Sila Realty Trust during the first quarter worth $79,000. Finally, ORG Wealth Partners LLC bought a new stake in Sila Realty Trust in the 1st quarter valued at $80,000.

Sila Realty Trust Stock Performance

Shares of NYSE:SILA traded down $0.22 on Thursday, hitting $25.19. 276,411 shares of the company were exchanged, compared to its average volume of 439,836. The company's 50 day moving average price is $24.44 and its two-hundred day moving average price is $25.08. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 40.63 and a beta of 0.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 0.99. Sila Realty Trust, Inc. has a one year low of $21.29 and a one year high of $27.50.

Sila Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Thursday, August 21st. Sila Realty Trust's payout ratio is 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.