Sila Realty Trust (NYSE:SILA) Shares Gap Down - Here's What Happened

Key Points

• Sila Realty Trust's shares gapped down from a previous close of $25.36 to open at $24.53, with the last trading price at $24.71 and a trading volume of 54,201 shares.
• The company declared a quarterly dividend of $0.40, yielding 6.4%, with a significant dividend payout ratio of 231.88%.
• Institutional investors showed increased interest, with Vanguard Group and others raising their stakes in Sila Realty Trust, indicating growing confidence in the company.

Shares of Sila Realty Trust, Inc. (NYSE:SILA - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $25.36, but opened at $24.53. Sila Realty Trust shares last traded at $24.71, with a volume of 54,201 shares trading hands.

Sila Realty Trust Stock Down 1.1%

The company's 50-day moving average is $24.48 and its 200 day moving average is $25.12. The company has a market capitalization of $1.34 billion, a PE ratio of 35.26 and a beta of 0.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 0.93.

Sila Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, August 21st. Sila Realty Trust's dividend payout ratio is 231.88%.

Institutional Trading of Sila Realty Trust

Institutional investors have recently bought and sold shares of the company. McElhenny Sheffield Capital Management LLC purchased a new stake in Sila Realty Trust during the 2nd quarter valued at about $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sila Realty Trust during the 1st quarter valued at about $39,000. MetLife Investment Management LLC purchased a new stake in shares of Sila Realty Trust during the 4th quarter valued at about $39,000. Asset Dedication LLC boosted its holdings in shares of Sila Realty Trust by 398.6% during the 1st quarter. Asset Dedication LLC now owns 1,750 shares of the company's stock valued at $47,000 after acquiring an additional 1,399 shares during the last quarter. Finally, Avalon Trust Co purchased a new stake in shares of Sila Realty Trust during the 1st quarter valued at about $47,000.

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.