Conversant Capital LLC Has $46.79 Million Stake in Sila Realty Trust, Inc. (NYSE:SILA)

Conversant Capital LLC raised its stake in Sila Realty Trust, Inc. (NYSE:SILA - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,924,033 shares of the company's stock after acquiring an additional 115,552 shares during the quarter. Sila Realty Trust comprises approximately 6.5% of Conversant Capital LLC's investment portfolio, making the stock its 3rd biggest holding. Conversant Capital LLC owned approximately 3.50% of Sila Realty Trust worth $46,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SILA. Cresset Asset Management LLC bought a new position in Sila Realty Trust during the 4th quarter worth approximately $362,000. Bank of America Corp DE boosted its stake in 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 acquiring an additional 75,339 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Sila Realty Trust during the 4th quarter worth approximately $1,832,000. Aptus Capital Advisors LLC bought a new position in Sila Realty Trust during the 4th quarter worth approximately $219,000. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Sila Realty Trust by 504.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 131,876 shares of the company's stock valued at $3,207,000 after buying an additional 110,064 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price target on shares of Sila Realty Trust from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, March 17th.

Sila Realty Trust Price Performance

SILA remained flat at $25.65 during trading on Monday. 148,186 shares of the company's stock were exchanged, compared to its average volume of 585,372. 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, Inc. has a 1 year low of $20.20 and a 1 year high of $27.50. The stock has a market capitalization of $1.41 billion and a P/E ratio of 41.31. The company's 50 day moving average price is $25.87 and its two-hundred day moving average price is $25.17.

Sila Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.60 dividend on an annualized basis and a yield of 6.24%. Sila Realty Trust's payout ratio is 258.06%.

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.